Chubb contributes $10 million to global COVID-19 relief efforts

Insurer also affirms that it will not lay off any staff amid the outbreak crisis

Chubb contributes $10 million to global COVID-19 relief efforts

Insurance News

By Lyle Adriano

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

A release said that Chubb will be working with a range of partner organizations in the US and other countries to offer essential resources in areas most at need. Organizations 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 organizations 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.”

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!