Chubb Board Approves 30M Share Repurchase Program

The Board of Directors of The Chubb Corporation CB today declared a regular quarterly dividend in the amount of $0.37 per share payable January 11, 2011 to shareholders of record on December 23, 2010. The Board also authorized a new share repurchase program of up to 30 million shares of the Corporation's 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 existing repurchase program is expected to be completed prior to the end of the year.