Chubb Board Declares Regular Quarterly Dividends, Intends to Implement Shareholder Proposal for Majority Voting
WARREN, N.J., June 9, 2006 – The Board of Directors of The Chubb Corporation today declared a regular quarterly dividend in the amount of $0.25 per
share payable July 11, 2006 to shareholders of record on June 23, 2006.
In keeping with Chubb’s commitment to corporate governance best practices and in response to the vote at the 2006 Annual Meeting
of Shareholders on the proposal for majority voting in the election of directors, the Board of Directors also announced that
it would initiate the process of amending Chubb’s certificate of incorporation to provide for majority voting in the election
of directors. Under New Jersey corporate law, the amendment requires shareholder approval. Accordingly, it will be presented
for a vote at the 2007 Annual Meeting and, assuming it is approved, will be implemented promptly thereafter.
For further information contact:
Glenn A. Montgomery
908-903-2365
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