Chubb Estimates Losses of $250M to $310M From April and May Catastrophes

The Chubb Corporation

announced today that it estimates aggregate losses from catastrophes for the months of April and May 2011 were approximately $250 million to $310 million before tax (approximately $0.55 to $0.68 per share after tax). Losses during the two month period were primarily related to tornadoes and severe storms in the United States. The impact of these catastrophes will be reflected in Chubb's second quarter 2011 financial results. Chubb had previously disclosed in its Form 10-Q for the quarter ended March 31, 2011 that its estimated catastrophe losses for the month of April 2011 were between $175 million to $225 million before tax.