NEW YORK, Jan. 15, 2020 /PRNewswire/ -- Chubb today provided the following statement in support of the signing of the Phase One trade agreement between the United States and China:
"Chubb welcomes and supports the successful completion of the Phase One trade agreement between the United States and China. We congratulate the governments of both nations for achieving this important confidence-building step. We urge the U.S. and China to expeditiously move to the important Phase Two negotiations, taking into account the interests of both countries while reconciling important differences. At Chubb, we have confidence in the long-term potential of the Chinese insurance market, and this agreement should expand market access for American business in financial services, including insurance."
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com.