Chubb Announces Record Date for Remarketing of 2.25% Senior Notes due 2008
WARREN, New Jersey, April 28, 2006 — The Chubb Corporation (NYSE: CB) announced that it expects to remarket its 2.25% Senior Notes due 2008 (CUSIP No. 171232AN1)
on May 11, 2006. The Senior Notes were originally issued as part of its 7.00% Equity Units (NYSE: CBPRB) (CUSIP No. 171232507).
Holders of record on May 10, 2006 of the outstanding Senior Notes that are components of the Equity Units and holders of Senior
Notes held separately from the Equity Units who elect to participate in a successful remarketing will receive the remaining
proceeds, if any, from the remarketing, after deduction of the remarketing fee and, in the case of the holders of Equity Units,
the purchase price of the portfolio of U.S. Treasury securities to be substituted for the Senior Notes as a component of the
Equity Units.
This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be
any sale of the Senior Notes in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any state or other jurisdiction. The remarketing will
only be made pursuant to a prospectus supplement and prospectus to be filed with the Securities and Exchange Commission which,
when finalized, may be obtained from the Remarketing Agents, Citigroup Global Markets Inc., Deutsche Bank Securities Inc.,
Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, care of Citigroup Global Markets Inc., Brooklyn
Army Terminal, 140 58th Street, 7th Floor, Brooklyn, New York, 11220, Attn: Prospectus Department, (718) 765-6732.
For further information contact:
Investors:
Glenn A. Montgomery
908-903-2365
Media:
Mark E. Greenberg
908-903-2682
FORWARD-LOOKING INFORMATION
Statements in this release relating to the anticipated remarketing of the 2.25% Senior Notes and the distribution of any remaining
proceeds upon the successful completion thereof, are “forward-looking statements” as that term is defined in the Private Securities
Litigation Reform Act of 1995 (the “PSLRA”). These forward-looking statements are made pursuant to the safe harbor provisions
of the PSLRA. Forward-looking statements are made based upon management’s current expectations and beliefs and are subject
to risks, uncertainties and other factors that could cause actual events to differ from those suggested by the forward-looking
statements. The Corporation assumes no obligation to update any “forward-looking statement” set forth in this release.
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