Chubb pours US$10 million into global COVID-19 relief efforts

Chubb pours US$10 million into global COVID-19 relief efforts | Insurance Business

Chubb pours US$10 million into global COVID-19 relief efforts

Playing its part in the fight against the global pandemic, Chubb has announced that it is committing US$10 million to COVID-19 relief efforts around the world.

A release said that Chubb will be working with a range of partner organisations in the US and other countries to offer essential resources in areas most at need. Organisations the insurer will collaborate with include those that provide emergency medical equipment and supplies to healthcare facilities, and community foodbanks.

The funding to these partner organisations will be made by the Chubb Charitable Foundation.

“We are committed to supporting people, business and communities most impacted by this global crisis,” commented Chubb chairman and CEO Evan Greenberg. “Our $10 million commitment will add to the urgent efforts required to meet the immediate health and nutrition needs of those most affected.”

In addition to its donations to COVID-19 relief operations, Chubb also announced that it would not conduct any layoffs of its employees in the middle of the health crisis.

“Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time,” Greenberg added. “Given all of the uncertainty that exists in the world, employment and benefits are one thing my colleagues will not have to be concerned about at this time.”