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Chubb approves $1.5B stock repurchase

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Warren-based insurance company Chubb announced Thursday a new share repurchase program.

According to the announcement, the company's board authorized a share repurchase program of up to $1.5 billion of common stock. Purchases may be made from time to time in the open market or in privately negotiated transactions. The program has no expiration date. The corporation's prior repurchase program, which was approved by the board last January and provided for the repurchase of up to $1.3 billion of the corporation's common stock, has been completed.


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