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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.
Chubb, Share Repurchase, Capital Management Strategy, Property/Casualty, Insurance, Reinsurance, Evan Greenberg, North America