NEW YORK, Dec. 11, 2019 /PRNewswire/ -- Chubb today provided the following statement in support of the United States-Mexico-Canada Agreement (USMCA):
Chubb supports and encourages Congressional passage of the United States-Mexico-Canada Agreement (USMCA). The Agreement will preserve and enhance the important trading relationships that underlie prosperity and the free flow of goods and services across North America.
USMCA includes several provisions that are important to the financial services industry, including protections for the free flow of data, providing greater certainty as we transition to a digital economy. The Agreement also provides important intellectual property and fair competition protections that will encourage investment and job creation across North America.
While there is always room for improvement in trade agreements, we applaud the substantial enhancements to free trade included in USMCA. Chubb appreciates the long effort and commitment of the Administration, Congress and the Mexican and Canadian governments to reach this Agreement.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com.