ZURICH, March 4,
2024 /PRNewswire/ -- Chubb Limited (NYSE: CB)
announced today that its subsidiary, Chubb INA Holdings Inc., has
priced a public offering of $1
billion of 5.000% senior notes due 2034. The notes are
guaranteed by Chubb Limited.
Chubb intends to use the net proceeds for general corporate
purposes, including the repayment at maturity of its $700 million 3.35% senior notes due May 15, 2024.
The joint book-running managers for the offering are Citigroup
Global Markets Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities,
LLC.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy any of the senior notes or any other securities, nor will there
be any offer, solicitation or sale of the senior notes or any other
securities, in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering is being made only by means of a
prospectus supplement and accompanying prospectus, copies of which
may be obtained by calling Citigroup Global Markets Inc. at
1-800-831-9146, HSBC Securities (USA) Inc. at 1-866-811-8049 or Wells Fargo
Securities, LLC at 1-800-645-3751.
Alternatively, the prospectus supplement and accompanying
prospectus may be obtained by visiting EDGAR on the U.S. Securities
and Exchange Commission (SEC) website at www.sec.gov.
About Chubb
Chubb is a world leader in
insurance. With operations in 54 countries and territories, Chubb
provides commercial and personal property and casualty insurance,
personal accident and supplemental health insurance, reinsurance
and life insurance to a diverse group of clients. As an
underwriting company, we assess, assume and manage risk with
insight and discipline. We service and pay our claims fairly and
promptly. The company is also defined by its extensive product and
service offerings, broad distribution capabilities, exceptional
financial strength and local operations globally. Parent company
Chubb Limited is listed on the New York Stock Exchange (NYSE: CB)
and is a component of the S&P 500 index. Chubb maintains
executive offices in Zurich,
New York, London, Paris
and other locations, and employs approximately 40,000 people
worldwide.
Cautionary Statement Regarding Forward-Looking
Statements:
Forward-looking statements made in this
press release, such as statements regarding repayments, reflect the
company's current views with respect to future events and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks and
uncertainties, which may cause actual results to differ materially
from these statements. Additional information regarding factors
that could cause differences from these forward-looking statements
appears in the company's filings with the SEC. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are
made.
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SOURCE Chubb Limited