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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
Current Report
Pursuant To Section 13
or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported): August 8, 2024
CHUBB
LIMITED
(Exact
name of registrant as specified in its charter)
Switzerland |
|
1-11778 |
|
98-0091805 |
(State
or other jurisdiction of
incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S.
Employer Identification No.)
|
Baerengasse
32
CH-8001
Zurich, Switzerland
(Address of principal executive
offices)
Registrant’s telephone
number, including area code: +41 (0)43 456
76 00
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
¨ |
Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425) |
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class |
|
Trading Symbol(s) |
|
Name
of each exchange on which
registered |
Common
Shares, par value CHF 0.50 per share |
|
CB |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 0.30% Senior Notes due 2024 |
|
CB/24A |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 0.875% Senior Notes due 2027 |
|
CB/27 |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 1.55% Senior Notes due 2028 |
|
CB/28 |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 0.875% Senior Notes due 2029 |
|
CB/29A |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 1.40% Senior Notes due 2031 |
|
CB/31 |
|
New
York Stock Exchange |
Guarantee
of Chubb INA Holdings LLC 2.50% Senior Notes due 2038 |
|
CB/38A |
|
New
York Stock Exchange |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2
of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company ¨
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 8, 2024, Chubb Limited (“Company” or “Chubb”)
appointed George Ohsiek as Chief Accounting Officer, effective September 4, 2024. In this role, he will serve as the Company’s
principal accounting officer.
Annmarie Hagan, the Company’s current Chief Accounting Officer
and principal accounting officer, has been named Chief Financial Officer of Operations & Technology and Transformation, effective
September 4, 2024. In her new role, Ms. Hagan will be responsible for all financial planning and analysis activities for Chubb’s
technology and operations organizations. Ms. Hagan has served as Chief Accounting Officer of Chubb since May 2020.
Mr. Ohsiek, age 50, has more than 25 years of accounting and
finance experience. He currently serves as Chief Auditor of Chubb, a position he has held since July 2019. Prior to serving as Chief
Auditor, he held various corporate finance positions at the Company, including Senior Vice President of Global Accounting Policy and
Group Controller. Prior to joining the Company in 2008, Mr. Ohsiek served at the U.S. Securities and Exchange Commission and KPMG.
He holds a Bachelor of Science degree in Accounting from The State University of New York College at Geneseo.
Item 7.01 Regulation FD Disclosure
On August 12, 2024, the Company issued a press release announcing
the appointment of Mr. Ohsiek as Vice President, Chubb Group and Chief Accounting Officer and Ms. Hagan’s appointment
as Chief Financial Officer of Operations & Technology and Transformation. A copy of the press release is attached hereto
as Exhibit 99.1 and incorporated into this Item 7.01 by reference.
The information furnished pursuant to this Item 7.01, including
Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the
“Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated
by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 9.01. | Financial Statements and Exhibits |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
CHUBB LIMITED |
|
|
|
By: |
/s/
Peter C. Enns |
|
|
Peter C. Enns |
|
|
Executive Vice President and |
|
|
Chief Financial Officer |
DATE:
August 12, 2024
Exhibit 99.1
|
Chubb Limited
Bärengasse 32
CH-8001 Zurich
Switzerland |
chubb.com
@Chubb |
News Release
| Chubb Appoints George Ohsiek Chief Accounting Officer; Annmarie Hagan
Named CFO of Operations & Technology and Transformation; Mong-Diep “Dee” Le to serve as Chief Auditor |
Zurich,
August 12, 2024 – Chubb Limited (NYSE: CB) today announced three executive appointments in the company’s finance
organization effective Sept 4, 2024.
George
Ohsiek has been appointed Vice
President, Chubb Group and Chief Accounting Officer. Currently, he serves as Chief Auditor, Chubb Group. In his new role,
Ohsiek will be responsible for the company’s corporate and regulatory accounting matters; managerial and external financial reporting;
group-wide financial planning and analysis (FP&A); and statutory and GAAP accounting policy. He will also have direct oversight of
corporate and subsidiary controllers.
Ohsiek succeeds Annmarie Hagan, who has been named Chief Financial
Officer of Operations & Technology and Transformation. In her new role, she will be responsible for all FP&A activities for
the company’s technology and operations organizations, including real estate operations in the countries and territories where Chubb
operates; tracking technology-related transformation initiatives; controllership of technology-related assets and compliance functions;
and operationalizing ESG-related financial reporting for the company.
Mong-Diep “Dee” Le
will succeed Ohsiek as Chief Auditor. Currently, she serves as Executive Vice President, Global Controller for Chubb. In her new role,
Le will be responsible for all Chubb internal audit functions worldwide, including control processes and key risk assessments. A
new Global Controller will be announced shortly.
The three executives will report
to Peter Enns, Executive Vice President, Chubb Group and Chief Financial Officer. Hagan will also report to Julie Dillman, Executive Vice
President, Chubb Group; Senior Executive, Operations & Technology; and Digital Transformation Officer. Le will also report
to the Chubb Limited Audit Committee.
“The strength of Chubb’s finance organization is
evident in the three seasoned executives who are stepping into new roles,” said Enns. “Together, George, Annmarie, and Dee
have four decades of experience with Chubb, along with the skills and expertise they brought to the company when they first joined. With
their deep knowledge of Chubb and expertise in corporate finance and accounting, they are eminently qualified to lead their respective
new teams.”
Ohsiek has more than 25 years of accounting and finance experience.
Prior to serving as Chief Auditor, he held various corporate finance positions at the company, including Senior Vice President of Global
Accounting Policy and Group Controller. Prior to joining the company in 2008, Mr. Ohsiek served at the U.S. Securities and Exchange
Commission and KPMG. He holds a Bachelor of Science degree in Accounting from The State University of New York College at Geneseo.
Chubb®,
Chubb logo® and Chubb. Insured.SM are trademarks of Chubb. | 1 |
Chubb Limited News Release
Hagan has more than 35 years of experience in insurance, accounting
and financial management. Prior to serving as Chief Accounting Officer, she was Global Controller of Chubb from 2016 to 2020. She joined
the company’s Combined Insurance business in 2014 as Senior Vice President, operations and finance. Earlier in her career, from
1999 to 2001, she also served as a Vice President in finance with Chubb. Prior to rejoining the company in 2014, Hagan served in executive
leadership positions, including Chief Financial Officer for Cigna Corp.
Le has more than 25 years of accounting and reporting experience.
Prior to serving as Global Controller, she held positions of increasing responsibility in SEC reporting and financial accounting.
About Chubb
Chubb is a world leader in insurance. With operations in
54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental
health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage
risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product
and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company
Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive
offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information
can be found at: www.chubb.com.
Investor Contact
Karen Beyer: (212) 827-4445, karen.beyer@chubb.com
Media Contact
MediaRelations@Chubb.com
Chubb®,
Chubb logo® and Chubb. Insured.SM are trademarks of Chubb. | 2 |
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