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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): May 15, 2025

 

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 0.875% 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 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year  

 

At the Chubb Limited (“Company”) Annual General Meeting of Shareholders (“AGM”) held on May 15, 2025, the Company’s shareholders approved an amendment of Article 6 of the Articles of Association to renew the Company’s capital band, which authorizes the Board of Directors to increase or decrease the Company’s share capital by up to 20% for a 1-year period ending on May 15, 2026, and in connection therewith, limit or withdraw the shareholders’ pre-emptive rights in specified and limited circumstances, all as further described in the Company’s Proxy Statement, as filed with the Securities and Exchange Commission on April 1, 2025 (“Proxy Statement”), under the heading “Agenda Item 9: Renewal of a capital band for authorized share capital increases and reductions,” which is incorporated herein by reference.

 

  A copy of the amended Articles of Association is attached hereto as Exhibit 3.1 and is incorporated herein by reference.

 

Item 5.07

Submission of Matters to a Vote of Security Holders 

 

The Company convened its AGM on May 15, 2025, pursuant to notice duly given. Agenda Items 1-12 submitted by the Company at the annual general meeting were approved in accordance with the Board’s recommendations. The shareholder proposal, Agenda Item 13, was rejected. The matters voted upon at the meeting and the results of such voting are set forth below.

 

The vote required to approve each agenda item noted below is described in the Company’s 2025 Proxy Statement under the heading “What vote is required to approve each agenda item?”.

 

1.Approval of the management report, standalone financial statements and consolidated financial statements of Chubb Limited for the year ended December 31, 2024

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
356,452,390    566,689    970,647    0 

 

2.1Allocation of disposable profit

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
357,449,819    176,634    363,273    0 

 

2.2Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve)

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
357,539,109    151,360    299,257    0 

 

3.Discharge of the Board of Directors

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
328,006,797    1,948,574    976,068    27,048,017 

 

2

 

 

4.1Election of PricewaterhouseCoopers AG (Zurich) as the Company’s statutory auditor for the financial year ending December 31, 2025

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
342,782,482    14,925,543    281,701    0 

 

4.2Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes of U.S. securities law reporting for the financial year ending December 31, 2025

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
338,649,904    19,060,773    279,049    0 

 

4.3Election of BDO AG (Zurich) as special audit firm until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
357,030,817    646,732    312,177    0 

 

5.1Election of Evan G. Greenberg as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
 314,468,240    16,172,344    301,125    27,048,017 

 

5.2Election of Michael P. Connors as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
309,105,154    21,529,167    307,388    27,048,017 

 

5.3Election of Michael G. Atieh as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
317,795,932    12,837,296    308,481    27,048,017 

 

5.4Election of Nancy K. Buese as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
328,671,190    1,988,922    281,597    27,048,017 

 

5.5Election of Sheila P. Burke as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
328,726,023    1,944,642    271,044    27,048,017 

 

5.6Election of Nelson J. Chai as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
328,824,132    1,837,168    280,409    27,048,017 

 

3

 

 

5.7Election of Michael L. Corbat as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
317,820,219    12,843,593    277,897    27,048,017 

 

5.8Election of Fred Hu as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
323,545,765    7,119,803    276,141    27,048,017 

 

5.9Election of Robert J. Hugin as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
328,881,623    1,780,776    279,310    27,048,017 

 

5.10Election of Robert W. Scully as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
319,366,457    11,300,873    274,379    27,048,017 

 

5.11Election of Theodore E. Shasta as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
318,118,845    12,543,629    279,235    27,048,017 

 

5.12Election of David H. Sidwell as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
274,302,689    56,123,467    515,553    27,048,017 

 

5.13Election of Olivier Steimer as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
321,236,304    9,415,076    290,329    27,048,017 

 

5.14Election of Frances F. Townsend as director until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
314,772,508    15,727,033    442,168    27,048,017 

 

6.Election of Evan G. Greenberg as Chairman of the Board of Directors until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
255,656,290    74,664,555    620,864    27,048,017 

 

4

 

 

7.1Election of Michael P. Connors as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
314,531,706    16,080,228    329,775    27,048,017 

 

7.2Election of Michael L. Corbat as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
324,521,832    6,090,644    329,233    27,048,017 

 

7.3Election of David H. Sidwell as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
289,043,834    41,335,388    562,487    27,048,017 

 

7.4Election of Frances F. Townsend as Compensation Committee member until the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
317,383,717    13,219,959    338,033    27,048,017 

 

8.Election of Homburger AG as independent proxy until the conclusion of the Company’s next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
357,477,665    148,898    363,163    0 

 

9.Renewal of a capital band for authorized share capital increases and reductions

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
345,823,119    11,815,955    350,652    0 

 

10.1Maximum compensation of the Board of Directors until the next annual general meeting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
329,032,777    962,388    946,544    27,048,017 

 

5

 

 

10.2Maximum compensation of Executive Management for the  2026 calendar year

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
321,498,060    8,492,532    951,117    27,048,017 

 

10.3Advisory vote to approve the Swiss compensation report

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
315,536,020    15,001,238    404,451    27,048,017 

 

11.Advisory vote to approve executive compensation under U.S. securities law requirements

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
315,166,639    15,403,826    371,244    27,048,017 

 

12.Approval of the Sustainability Report of Chubb Limited for the year ended December 31, 2024

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
355,456,450    1,632,565    900,711    0 

 

13.Shareholder proposal on Scope 3 greenhouse gas emissions reporting

 

Shares Voted For   Shares Voted Against   Shares Abstained   Broker Non-Votes 
45,779,040    282,479,933    2,682,736    27,048,017 

 

Item 9.01.Financial Statements and Exhibits

 

(d)        Exhibits

 

  Exhibit
Number

 

Description

  3.1 Articles of Association of the Company as amended
     
  4.1 Articles of Association of the Company as amended (Incorporated by reference to Exhibit 3.1)
     
  104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

 

6

 

 

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/ Joseph F. Wayland
    Joseph F. Wayland
    General Counsel

 

DATE: May 16, 2025