Chubb Ltd 8-K, filed Dec 4, 2020
Chubb Ltd (CB)
About this 8-K
Chubb Ltd filed this 8-K on December 4, 2020, reporting on events of December 2, 2020.
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
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CH-
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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).
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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. |
On December 2, 2020, the Company announced that John W. Keogh, Chubb Group Executive Vice Chairman and Chief Operating Officer, has been appointed President and Chief Operating Officer, effective immediately. Mr. Keogh will continue to report to Evan G. Greenberg, the Company’s Chairman and Chief Executive Officer. Although titles have changed, the respective responsibilities of Mr. Keogh and Mr. Greenberg remain unchanged.
Mr. Keogh, age 56, has served as Chief Operating Officer since 2011. He joined the Company, then named ACE, in 2006 as Chairman, Insurance – Overseas General. He was appointed Vice Chairman in 2010 and Executive Vice Chairman in 2015. Before joining ACE, Mr. Keogh held a range of positions with increasing responsibility during a 20-year career with American International Group (AIG), including Senior Vice President, Domestic General Insurance, and President and Chief Executive Officer of National Union Fire Insurance Company of Pittsburgh, an AIG member company. He began his insurance career as an underwriter with AIG in 1986.
| Item 7.01. | Regulation FD Disclosure. |
On December 2, 2020, the Company issued a press release announcing the appointment of Mr. Keogh as President. 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 |
Description | |
| 99.1 | Press Release, dated December 2, 2020, announcing the appointment of John Keogh as President | |
| 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 4, 2020
Exhibit 99.1
| Chubb Limited Bärengasse 32 CH-8001 Zurich Switzerland |
www.chubb.com @Chubb |
| News Release | ||
|
Chubb Names John Keogh President | |
| ZURICH, December 2, 2020 – Chubb today announced that John Keogh, Executive Vice Chairman of Chubb Group and Chief Operating Officer, has been appointed President and Chief Operating Officer, effective immediately. He will continue to report to Evan G. Greenberg, Chairman and Chief Executive Officer, and his current broad companywide responsibilities remain unchanged. | ||
| “I have the distinct privilege today to name John Keogh President of Chubb,” said Mr. Greenberg. “The title of President more appropriately reflects John’s current wide-ranging responsibilities and importance to the success of our company and is in recognition of his exceptional contributions and leadership over the course of his 14 years as my partner and trusted colleague. John is an outstanding insurance executive – he continues to demonstrate the skill, character and intellect that exemplify great leadership, including a true command and level of execution excellence across our global insurance operations. I look forward to working with John for years to come.” | ||
| “I am honored and grateful to be named President of Chubb,” said Mr. Keogh. “I have benefited greatly from Evan’s leadership and the contributions of my many outstanding colleagues. I am energized and excited to continue building with Evan an enduring firm that delivers profitable growth and superior value to our clients, distribution partners, shareholders and employees.” | ||
| Mr. Keogh has served as Chief Operating Officer since 2011. He joined the company, then named ACE, in 2006 as Chairman, Insurance – Overseas General. He was appointed Vice Chairman in 2010 and Executive Vice Chairman in 2015. Before joining ACE, Mr. Keogh held a range of positions with increasing responsibility during a 20-year career with American International Group (AIG), including Senior Vice President, Domestic General Insurance, and President and Chief Executive Officer of National Union Fire Insurance Company of Pittsburgh, an AIG member company. He began his insurance career as an underwriter with AIG in 1986. | ||
| Mr. Keogh is chairman of the board of overseers for the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science of St. John’s University and he serves on the board of trustees of the Eisenhower Fellowships. He is also on the board of directors of the New York Police and Fire Widows’ and Children’s Benefit Fund, and the Brown University Sports Foundation. Mr. Keogh holds a Bachelor of Arts degree in Economics from Brown University. | ||
| Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of Chubb. | 1 |
Chubb Limited News Release
| About Chubb | ||
| 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 33,000 people worldwide. Additional information can be found at: www.chubb.com | ||
| Investor Contact | ||
| Karen Beyer: (212) 827-4445, karen.beyer@chubb.com | ||
| Media Contact | ||
| Jeffrey Zack: (212) 827-4444, jeffrey.zack@chubb.com | ||
| Chubb®, Chubb logo® and Chubb. Insured.SM are trademarks of Chubb. | 2 |