Property/casualty insurer Chubb has authorised a new one-time incremental share repurchase programme of up to $5 billion as part of its capital management strategy. Its chief executive officer Evan Greenberg (pictured) is 'confident' that the action is an "excellent choice" to maintain capital flexibility.
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Chubb, Share Repurchase, Capital Management Strategy, Property/Casualty, Insurance, Reinsurance, Evan Greenberg, North America