Tell Chubb Execs to Divest from Fossil Fuel Expansion

Chubb remains one of the top oil and gas insurers globally and invests BILLIONS in coal, oil, and gas companies.

Pipelines and other destructive projects need insurance to operate; that’s why it’s crucial insurance companies like Chubb commit to stop insuring fossil fuel expansion immediately.

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Chairman & CEO

Evan

Greenberg

Chubb

My message to Evan Greenberg

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Executive Chairman

John

Lupica

Chubb

My message to John Lupica

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Digital Transformation Of

Julie

Dillman

Chubb

My message to Julie Dillman

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

CFO

Peter

Enns

Chubb

My message to Peter Enns

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

General Counsel

Joseph

Wayland

Chubb

My message to Joseph Wayland

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Regional Pres., EU Group

David

Furby

Chubb

My message to David Furby

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Division Pres., North Ame

Matthew

Merna

Chubb

My message to Matthew Merna

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Chief Actuary

Paul

O'Connell

Chubb

My message to Paul O'Connell

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Treasurer

Drew

Spitzer

Chubb

My message to Drew Spitzer

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

North America Property &

Derek

Talbott

Chubb

My message to Derek Talbott

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}

Global CIO

Shekar

Pannala

Chubb

My message to Shekar Pannala

Hello,

As the world's largest publicly traded property and casualty insurer, Chubb has a critical role to play in managing risk. However, when it comes to climate change, Chubb is actually fueling it. Chubb is a top oil and gas insurer globally and also invests billions in coal, oil, and gas companies. Insuring and investing in fossil fuel expansion is wholly unacceptable if we are to avoid the catastrophic consequences of unchecked carbon emissions on our climate, as investors made clear today during Chubb’s annual general meeting.

At today’s meeting, two shareholder resolutions were on the ballot concerning policies to achieve net zero emissions and fossil fuel business. Furthermore, investors also recommended voting against Evan G. Greenberg and Olivier Steimer for failing in their oversight responsibilities to address escalating climate change. Investor scrutiny on these issues is only growing.

Chubb’s July 2019 announcement that it will stop insuring new coal-fired power plants, as well as phase out insuring and make no new investments in some coal power and mining companies is a necessary step, but it does not meet the scale and urgency of the climate crisis. Continued support for new fossil fuel infrastructure locks us all into a world of runaway global warming. As the International Energy Agency made clear in a recent report, the path to achieve net zero emissions by 2050 is "narrow but still achievable" and requires an immediate end to investments in new fossil fuel supplies.

Among global insurers, you are lagging behind peers due to your unchecked underwriting of and investments in fossil fuel expansion and nonexistent policies on human rights. While European and Australian insurers have begun taking ambitious steps to rein in insurance support for new oil and gas projects, the U.S. insurance sector continues to undermine global efforts to address climate change.

I call on Chubb to immediately stop underwriting new fossil fuel projects, phase out all fossil fuel underwriting and investing in line with a 1.5ºC pathway, and respect human rights, including the right to Free, Prior, and Informed Consent as articulated in the UN Declaration on the Rights of Indigenous Peoples.

In the face of your continued inaction, I will continue to highlight your role as a major fossil fuel insurer and encourage family, friends, and institutions to cancel their policies with Chubb.

Kind regards,
{user_data~First Name} {user_data~Last Name}