Chubb Board Approves New $1.3 Billion Share Repurchase Program

        Chubb Board Approves New $1.3 Billion Share Repurchase Program

PR Newswire

WARREN, N.J., Jan. 31, 2013

WARREN, N.J., Jan. 31, 2013 /PRNewswire/ --The Board of Directors of The
Chubb Corporation (NYSE: CB) today authorized a new share repurchase program
for up to $1.3 billion of the Corporation's common stock. Purchases may be
made from time to time in the open market or in privately negotiated
transactions. This new program replaces the program approved by the Board on
January 26, 2012 that provided for the repurchase of up to $1.2 billion of the
Corporation's common stock. Approximately $979 million of the Corporation's
common stock was repurchased under that program.

"Capital management continues to be a key focus of Chubb. This new share
repurchase program that we are announcing today reflects Chubb's strong
financial condition as well as an ongoing commitment to the importance of our
capital management strategy. Although the program has no expiration date, we
currently intend on completing it by the end of January 2014, subject to
market conditions and other factors," said John D. Finnegan, Chairman,
President and Chief Executive Officer.

For further information contact: Investors:  Glenn A. Montgomery
                                     Media: Mark E. Greenberg

Certain statements in this release are "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of 1995
(PSLRA). These forward-looking statements are made pursuant to the safe
harbor provisions of the PSLRA. Forward-looking statements are made based
upon management's current expectations and beliefs concerning trends and
future developments and their potential effects on us. These statements are
not guarantees of future performance. Actual results may differ materially
from those suggested by forward-looking statements as a result of risks and
uncertainties, which include, among others, those discussed or identified from
time to time in our public filings with the Securities and Exchange Commission
and those associated with general economic and market conditions, our
financial performance and the capital requirements of our business. Chubb
assumes no obligation to update any forward-looking information set forth in
this document, which speak as of the date hereof.

SOURCE Chubb Corporation

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