American insurer Chubb has announced plans to raise $525m (£332m) through the sale of debts and stocks.
The company said in a statement that it will offer 21 million equity units at $25 (£15.80) per unit.
The move follows Moody's downgrade last week, over concerns about its recent operating performances.
Chubb did not give any further details about the timing of the offering.
Investment banks Goldman Sachs and Salomon Smith Barney are acting as joint managers for the offering.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
