Chubb initiated with a Buy at Deutsche Bank

Deutsche Bank initiated coverage of Chubb with a Buy rating and $269 price target. The analyst noted that Chubb is one of the best performing insurers in the U.S. over the last 20 years, and feels the company’s “disciplined approach to underwriting and capital allocation is a key factor in its long-term success, during both hard and soft insurance cycles.” The firm added that it sees a growth opportunity is Asia following closing two deals in 2022 that deepened their presence in the continent.