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In reply to the discussion: Chubb seems to think loaning TSF $91M is a "sound investment" [View all]MichMan
(13,643 posts)14. Hardly regional
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. We combine the precision of craftsmanship with decades of experience to conceive, craft and deliver the very best insurance coverage and service to individuals and families, and businesses of all sizes.
Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Chubbs core operating insurance companies maintain financial strength ratings of AA from Standard & Poors and A++ from A.M. Best.
Chubb Limited, the parent company of Chubb, 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.
Chubb has more than $225 billion in assets and reported $57.5 billion of gross premiums written in 2023. Chubbs core operating insurance companies maintain financial strength ratings of AA from Standard & Poors and A++ from A.M. Best.
Chubb Limited, the parent company of Chubb, 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.
https://about.chubb.com/
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Is it their money, or do they have a fiduciary obligation to their shareholders?
maxrandb
Mar 2024
#6
The poster I replied to had never heard of them, and suggested they were a small regional outfit
MichMan
Mar 2024
#24
Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk"
CincyDem
Mar 2024
#5
Assuming trump loses his appeal, it will be fun watching either the government or Chubb going after trump's assets.
Silent Type
Mar 2024
#15
They'll lose their money just as Mike Lindell has lost his money in service to the wannabe dictator.
Vinca
Mar 2024
#17
No, they won't. They wouldn't have written the bond if they thought they would.
Ocelot II
Mar 2024
#29
Not voting, but it is virtually certain that Chubb will not lose money on this surety.
onenote
Mar 2024
#25
These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing -
Ocelot II
Mar 2024
#37