Chubb Ltd 8-K, filed Dec 7, 2022
Chubb Ltd (CB)
About this 8-K
Chubb Ltd filed this 8-K on December 7, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report
Pursuant To Section 13
or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported):
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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):
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
(b) On December 7, 2022, Chubb Limited (“Company”) announced in an internal communication to employees that Paul J. Krump, Vice Chairman, Chubb Group, Global Underwriting and Claims, and a named executive officer of the Company, intends to retire January 1, 2023.
| Item 7.01 | Regulation FD Disclosure |
On December 7, 2022, the Company announced in an internal communication to employees from Evan G. Greenberg, the Company’s Chairman and CEO, the retirement of Mr. Krump. A copy of the announcement 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 | Communication to Chubb employees from Evan G. Greenberg, Chairman and CEO, issued December 7, 2022, announcing the retirement of Paul J. Krump |
| 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/ Joseph F. Wayland | |
| Joseph F. Wayland | ||
| General Counsel | ||
DATE: December 7, 2022
Exhibit 99.1
[Chubb Logo]
Dear Chubb Colleagues:
I am writing today to inform you of the retirement January 1 of Chubb Vice Chair, Paul Krump. Paul is my colleague, partner, and advisor. I will miss him personally and professionally. At the same time, as a friend, I am truly happy for him as he begins a new and much deserved period in his life.
In my mind, Paul is an example to all of us of how to craft and live our professional lives. Honestly speaking, his tireless dedication and loyalty; his work ethic, deep knowledge and wisdom about our business; decency and humanity as a leader and person, is an example I hold out for others to emulate. He is a unique example of a true insurance professional – a student of the business for decades, his knowledge of underwriting is encyclopedic, but applied in a practical way. He is a deep and knowledgeable thinker about risk, pricing, and contract wording at a granular level across most all areas of insurance – commercial and personal. Too many underwriters today think they know the craft because they understand the basics of one line of business and market-based pricing and terms and conditions. I can assure you that’s not the real craft.
Paul underwrote and managed commercial and personal lines businesses, small and then large, his whole career. He ran our claims organization for years and has seen the promises we make come alive. He has eaten the cooking from underwriting. He knows the letter and spirit behind those promises we make and how to meet our customers’ expectations and, when their expectations are not realistic, how to make them truly understood. Beyond all of that, he leaves in place such a wonderful legacy of managers, underwriters and claims professionals he has personally trained and influenced, who know what it means to carry on with the true traditions of our business – a gift that contributes to what makes us special – and as, or more important, how to carry themselves with the behaviors he has taught them to emulate.
Paul, on behalf of all my colleagues, thank you, thank you, thank you, my dear friend. Chubb will always be your company and your home.
This communication was sent to all Chubb employees