Chubb appoints new vice chairman and CIO

ZURICH - Chubb Limited (NYSE: CB), a global leader in insurance with a market capitalization of $117.63 billion, announced significant changes to its executive team today. Tim Boroughs has been named Vice Chairman, Chubb Group, and Executive Chairman, Asset Management. Succeeding him as Chief Investment Officer is Chris Hogan, who has been promoted to Senior Vice President, Chubb Group. According to InvestingPro data, the company has demonstrated strong financial performance with annual revenue reaching $56.31 billion.

Evan Greenberg, Chubb Chairman and CEO, praised Tim Boroughs for his contribution to the company’s investment strategies and global leadership over the past 25 years. Acknowledging Boroughs’ expertise and experience, Greenberg expressed confidence in his ongoing role in the company’s success. Greenberg also commended Chris Hogan’s leadership abilities and investment management skills, stating that Hogan has earned the trust and confidence required for his new position as Chief Investment Officer. The company’s stock has shown resilience, with a 6.86% year-to-date return and analysts maintaining a moderate buy consensus.

Boroughs has a long history with Chubb and its predecessor, ACE, dating back to 2000. His previous roles included Director of Fixed Income at Tudor Investment Corporation and Managing Partner at Fischer Francis Trees & Watts. He also has academic experience as a lecturer and has served on the board of the American School in London.

Chris Hogan joined Chubb in 2023, bringing with him a 22-year tenure at Goldman Sachs. His most recent roles there included fixed income portfolio manager and leadership positions within the Global Securitized Investment Team and GSAM’s Fixed Income Hedge Fund.

Chubb operates in 54 countries and territories, offering a wide range of insurance products and services. The company boasts exceptional financial strength and a large global workforce of approximately 43,000 employees. This leadership transition is part of Chubb’s ongoing commitment to maintaining its strong market position and serving its diverse client base effectively. InvestingPro analysis reveals a GREAT overall financial health score of 3.15, with particularly strong profitability metrics. For detailed insights and comprehensive analysis, investors can access the full Pro Research Report, available exclusively to InvestingPro subscribers.

The information in this article is based on a press release statement from Chubb.

In other recent news, Chubb Limited reported a 31% decline in core operating income for the first quarter of 2025, amounting to $1 billion, despite a 5.7% increase in total premiums. The company is investing significantly in technology, allocating $1.1 to $1.2 billion annually to enhance its processing capabilities. Chubb’s shareholders approved a 6.6% increase in the annual dividend, raising it to $3.88 per share, and authorized a new $5 billion share repurchase program. At the company’s Annual General Meeting, shareholders also renewed the capital band, allowing Chubb’s Board of Directors to adjust the company’s share capital by up to 20% until May 2026.

Analysts from Keefe, Bruyette & Woods adjusted Chubb’s stock price target from $316 to $314, maintaining an Outperform rating due to anticipated slower growth in investment income and increased expense ratios. Meanwhile, Raymond James raised Chubb’s price target to $340, maintaining a Strong Buy rating based on expectations of significant core operating earnings growth. Additionally, Chubb’s acquisition of Liberty Mutual’s business in Thailand and Vietnam contributed $275 million in premiums, highlighting the company’s strategic expansion in the Asian market. These developments reflect Chubb’s ongoing efforts to enhance shareholder value and expand its global footprint.

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