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Chubb CEO Calls Price Cuts ‘Dumb’, Trims Large Accounts

4/23/2026

Summary

Story summary

Evan Greenberg, CEO of Chubb Ltd., attended the Allen & Co. conference in Sun Valley, Idaho, on July 10, 2019, as the stock fell despite an earnings beat.
He called aggressive price cuts “dumb,” citing a softening market, and said Chubb is trimming large-account and excess-and-surplus line exposure because pricing does not match risk.
Piper Sandler analyst Paul Newsome said the move shows Chubb prioritizes profitability over growth despite investor concerns.

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Story summary

Evan Greenberg, CEO of Chubb Ltd., attended the Allen & Co. conference in Sun Valley, Idaho, on July 10, 2019, as the stock fell despite an earnings beat.
He called aggressive price cuts “dumb,” citing a softening market, and said Chubb is trimming large-account and excess-and-surplus line exposure because pricing does not match risk.
Piper Sandler analyst Paul Newsome said the move shows Chubb prioritizes profitability over growth despite investor concerns.