Chubb Ltd — Director's Dealing 2020

Mar 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Chubb Ltd (CB)
CIK: 0000896159
Period of Report: 2020-02-27

Reporting Person: KRUMP PAUL J (Executive Vice President*)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-27	Common Shares	A	5696	$0.00	Acquired	112178	Direct
2020-02-27	Common Shares	A	8544	$0.00	Acquired	120722	Direct
2020-02-27	Common Shares	A	5554	$0.00	Acquired	126276	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-27	Options to Acquire Common Shares	$150.11	A	18985	Acquired	2030-02-27	Common Shares (18985)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
ESOP Excess Benefit Plan Rights	$		Common Shares (6487.155)	6487.155	Direct

Footnotes

F1: Restricted Stock Units ("RSU") awarded pursuant to Chubb Limited 2016 Long-Term Incentive Plan (the "Plan"). Stock vests as follows: 1/4 on the first anniversary of the date of the award, 1/4 on the second anniversary of the date of the award, 1/4 on the third anniversary of the date of the award and 1/4 on the fourth anniversary of the date of the award. Upon vesting, one Common share will be delivered for each vested RSU.

F2: Restricted stock award pursuant to the Plan. Stock vests on the third anniversary of the date of the award subject to the satisfaction of certain service and performance based criteria.

F3: Restricted stock award pursuant to the Plan, representing a premium performance award with respect to the performance restricted stock awards described above. Stock vests on the third anniversary of the date of the award, subject to the satisfaction of certain service and performance based criteria. Shares will not be entitled to vote until vested. Dividends shall be accumulated and distributed only when, and to the extent, that the shares have vested.

F4: Option award pursuant to the Plan. Options vest as follows: 1/3 on the first anniversary of date of the award, 1/3 on the second anniversary of the date of the award and 1/3 on the third anniversary of the date of the award.

F5: Total includes options from other tranches with different exercise prices, vesting and expiration dates, but does not include derivative securities of other types and tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.

F6: Each ESOP Excess Benefit Plan Right represents the right to receive one common share.

F7: The reported ESOP Excess Benefit Plan Rights were acquired under the Chubb Corporation ESOP Excess Benefits Plan and are to be settled upon the Reporting Person's separation from service.

F8: Includes 6,392.355 rights previously reported by the Reporting Person, and 94.8 rights that were subsequently credited pursuant to the dividend reinvestment provisions of the excess benefits plan.

F9: Total excludes derivative securities of other types and tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.