Chubb chief executive sells 75,000 shares

Tue Feb 12, 2008 11:50pm GMT
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NEW YORK, Feb 12 (Reuters) - The chief executive of property and casualty insurer Chubb Corp (CB.N: Quote, Profile, Research) said on Tuesday that he has sold 75,000 shares of company stock, worth about $3.8 million.

In filings with the U.S. Securities and Exchange Commission, John Finnegan said he sold the stock on Monday for prices ranging from $50.50 to $50.99 per share.

Finnegan still holds more than 220 million shares of the company, according to the filings.

Chubb shares, which dropped in late January but have recovered by about 8 percent in the last three weeks, closed at $52.10 on the New York Stock Exchange on Tuesday. (Reporting by Emily Chasan; editing by Carol Bishopric)

 
 

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