Chubb Beats Buffett After Mocking AIG: Riskless Return

Chubb Corp., which mocked rivals for receiving federal aid during the 2007-2009 financial crisis, is leading the largest publicly traded U.S. insurance firms by producing the highest risk-adjusted return.

Chubb climbed 1.52 percent in the five years through yesterday after adjusting for price swings, beating every stock in the 22-company Standard & Poor’s 500 Insurance Index, including Warren Buffett’s Berkshire Hathaway Inc., according to the BLOOMBERG RISKLESS RETURN RANKING. Fellow non-life insurers Travelers Cos. and Ace Ltd. came in second and fourth, with gains of 0.92 percent and 0.75 percent, respectively. Aon Plc, a London-based broker, was third.