Chubb sets $1bn share repurchase plan

Chubb surprised investors and analysts alike by laying out plans
to repurchase $1bn of its own shares by the end of 2017, less than
a year after combining with Ace Group.
As it unveiled a $0.69 per share quarterly dividend, Chubb told
investors that its directors had also authorised the new buyback
program.
It said the shares would be bought both on the open market as
well as in privately negotiated transactions.
Keefe, Bruyette & Woods analyst Meyer Shields said...