CB DBA Chubb Limited

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

Current Report

 

Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 8, 2024

 

CHUBB LIMITED

(Exact name of registrant as specified in its charter)

 

Switzerland		1-11778		98-0091805
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

Baerengasse 32

CH-8001 Zurich, Switzerland

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: +41 (0)43 456 76 00

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares, par value CHF 0.50 per share		CB		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 0.30% Senior Notes due 2024		CB/24A		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2027		CB/27		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 1.55% Senior Notes due 2028		CB/28		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 0.875% Senior Notes due 2029		CB/29A		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 1.40% Senior Notes due 2031		CB/31		New York Stock Exchange
Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038		CB/38A		New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 8, 2024, Chubb Limited (“Company” or “Chubb”) appointed George Ohsiek as Chief Accounting Officer, effective September 4, 2024. In this role, he will serve as the Company’s principal accounting officer.

 

Annmarie Hagan, the Company’s current Chief Accounting Officer and principal accounting officer, has been named Chief Financial Officer of Operations & Technology and Transformation, effective September 4, 2024. In her new role, Ms. Hagan will be responsible for all financial planning and analysis activities for Chubb’s technology and operations organizations. Ms. Hagan has served as Chief Accounting Officer of Chubb since May 2020.

 

Mr. Ohsiek, age 50, has more than 25 years of accounting and finance experience. He currently serves as Chief Auditor of Chubb, a position he has held since July 2019. Prior to serving as Chief Auditor, he held various corporate finance positions at the Company, including Senior Vice President of Global Accounting Policy and Group Controller. Prior to joining the Company in 2008, Mr. Ohsiek served at the U.S. Securities and Exchange Commission and KPMG. He holds a Bachelor of Science degree in Accounting from The State University of New York College at Geneseo.

 

Item 7.01 Regulation FD Disclosure

 

On August 12, 2024, the Company issued a press release announcing the appointment of Mr. Ohsiek as Vice President, Chubb Group and Chief Accounting Officer and Ms. Hagan’s appointment as Chief Financial Officer of Operations & Technology and Transformation. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference.

 

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

 

Item 9.01.

Financial Statements and Exhibits

 

(d)

Exhibits

 

	Exhibit Number	Description
	99.1	Press Release, Dated August 12, 2024, announcing the appointment of George Ohsiek as Chief Accounting Officer and the appointment of Annmarie Hagan as Chief Financial Officer of Operations & Technology and Transformation
	104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	CHUBB LIMITED
	By:	/s/ Peter C. Enns
		Peter C. Enns
		Executive Vice President and
		Chief Financial Officer

 

DATE: August 12, 2024

 

 

 

Exhibit 99.1

 

Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland

chubb.com @Chubb

 

News Release

 

Chubb Appoints George Ohsiek Chief Accounting Officer; Annmarie Hagan Named CFO of Operations & Technology and Transformation; Mong-Diep “Dee” Le to serve as Chief Auditor

 

Zurich, August 12, 2024 – Chubb Limited (NYSE: CB) today announced three executive appointments in the company’s finance organization effective Sept 4, 2024.

 

George Ohsiek has been appointed Vice President, Chubb Group and Chief Accounting Officer. Currently, he serves as Chief Auditor, Chubb Group. In his new role, Ohsiek will be responsible for the company’s corporate and regulatory accounting matters; managerial and external financial reporting; group-wide financial planning and analysis (FP&A); and statutory and GAAP accounting policy. He will also have direct oversight of corporate and subsidiary controllers.

 

Ohsiek succeeds Annmarie Hagan, who has been named Chief Financial Officer of Operations & Technology and Transformation. In her new role, she will be responsible for all FP&A activities for the company’s technology and operations organizations, including real estate operations in the countries and territories where Chubb operates; tracking technology-related transformation initiatives; controllership of technology-related assets and compliance functions; and operationalizing ESG-related financial reporting for the company.

 

Mong-Diep “Dee” Le will succeed Ohsiek as Chief Auditor. Currently, she serves as Executive Vice President, Global Controller for Chubb. In her new role, Le will be responsible for all Chubb internal audit functions worldwide, including control processes and key risk assessments. A new Global Controller will be announced shortly.

 

The three executives will report to Peter Enns, Executive Vice President, Chubb Group and Chief Financial Officer. Hagan will also report to Julie Dillman, Executive Vice President, Chubb Group; Senior Executive, Operations & Technology; and Digital Transformation Officer. Le will also report to the Chubb Limited Audit Committee.

 

“The strength of Chubb’s finance organization is evident in the three seasoned executives who are stepping into new roles,” said Enns. “Together, George, Annmarie, and Dee have four decades of experience with Chubb, along with the skills and expertise they brought to the company when they first joined. With their deep knowledge of Chubb and expertise in corporate finance and accounting, they are eminently qualified to lead their respective new teams.”

 

Ohsiek has more than 25 years of accounting and finance experience. Prior to serving as Chief Auditor, he held various corporate finance positions at the company, including Senior Vice President of Global Accounting Policy and Group Controller. Prior to joining the company in 2008, Mr. Ohsiek served at the U.S. Securities and Exchange Commission and KPMG. He holds a Bachelor of Science degree in Accounting from The State University of New York College at Geneseo.

 

 

Chubb Limited News Release

 

Hagan has more than 35 years of experience in insurance, accounting and financial management. Prior to serving as Chief Accounting Officer, she was Global Controller of Chubb from 2016 to 2020. She joined the company’s Combined Insurance business in 2014 as Senior Vice President, operations and finance. Earlier in her career, from 1999 to 2001, she also served as a Vice President in finance with Chubb. Prior to rejoining the company in 2014, Hagan served in executive leadership positions, including Chief Financial Officer for Cigna Corp.

 

Le has more than 25 years of accounting and reporting experience. Prior to serving as Global Controller, she held positions of increasing responsibility in SEC reporting and financial accounting.

 

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. Additional information can be found at: www.chubb.com.

 

Investor Contact

 

Karen Beyer: (212) 827-4445, karen.beyer@chubb.com

 

Media Contact 

 

MediaRelations@Chubb.com

 

 

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Document Information [Line Items]
Document Type	8-K
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Document Period End Date	Aug. 08, 2024
Entity File Number	1-11778
Entity Registrant Name	CHUBB LIMITED
Entity Central Index Key	0000896159
Entity Tax Identification Number	98-0091805
Entity Incorporation, State or Country Code	V8
Entity Address, Address Line One	Baerengasse 32
Entity Address, City or Town	Zurich
Entity Address, Country	CH
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Document Information [Line Items]
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Security Exchange Name	NYSE
I N A Senior Notes Due December 2024 [Member]
Document Information [Line Items]
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Title of 12(b) Security	Guarantee of Chubb INA Holdings LLC 2.50% Senior Notes due 2038
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