<SEC-DOCUMENT>0000950123-18-010356.txt : 20181031
<SEC-HEADER>0000950123-18-010356.hdr.sgml : 20181031
<ACCEPTANCE-DATETIME>20181031115147
ACCESSION NUMBER:		0000950123-18-010356
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180930
FILED AS OF DATE:		20181031
DATE AS OF CHANGE:		20181031
EFFECTIVENESS DATE:		20181031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chubb Ltd
		CENTRAL INDEX KEY:			0000896159
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-17445
		FILM NUMBER:		181149227

	BUSINESS ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41 0 43 456 7600

	MAIL ADDRESS:	
		STREET 1:		BARENGASSE 32
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHUBB Ltd
		DATE OF NAME CHANGE:	20160115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE Ltd
		DATE OF NAME CHANGE:	20091216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE LTD
		DATE OF NAME CHANGE:	19930122
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0000896159</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>09-30-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>09-30-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>Chubb Ltd</name>
        <address>
          <ns1:street1>BARENGASSE 32</ns1:street1>
          <ns1:city>ZURICH</ns1:city>
          <ns1:stateOrCountry>V8</ns1:stateOrCountry>
          <ns1:zipCode>CH-8001</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-17445</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Paul Medini</name>
      <title>Chief Accounting Officer</title>
      <phone>215-640-1000</phone>
      <signature>/s/ Paul Medini</signature>
      <city>Zurich</city>
      <stateOrCountry>V8</stateOrCountry>
      <signatureDate>10-31-2018</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>1</otherIncludedManagersCount>
      <tableEntryTotal>24</tableEntryTotal>
      <tableValueTotal>150842</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <form13FFileNumber>028-2490</form13FFileNumber>
            <name>Federal Insurance Company</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
    </summaryPage>
  </formData>
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</TEXT>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>form13fInfoTable.xml
<DESCRIPTION>INFORMATION TABLE FOR FORM 13F
<TEXT>
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   <infoTable>
       <nameOfIssuer>ALPHATEC HOLDINGS INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>02081G201</cusip>
       <value>742</value>
       <shrsOrPrnAmt>
           <sshPrnamt>220301</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>742</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BP PLC - SPONS ADR</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>055622104</cusip>
       <value>13369</value>
       <shrsOrPrnAmt>
           <sshPrnamt>290000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>13369</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>BP PLC - SPONS ADR</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>055622104</cusip>
       <value>5071</value>
       <shrsOrPrnAmt>
           <sshPrnamt>110000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>5071</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COMMUNITY HEALTH SYSTEMS</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>203668116</cusip>
       <value>8</value>
       <shrsOrPrnAmt>
           <sshPrnamt>1400000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>8</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>COMMUNITY HEALTH SYSTEMS</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>203668116</cusip>
       <value>4</value>
       <shrsOrPrnAmt>
           <sshPrnamt>600000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>4</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GLAXOSMITHKLINE PLC-SPON</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>37733W105</cusip>
       <value>4780</value>
       <shrsOrPrnAmt>
           <sshPrnamt>119000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>4780</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>GLAXOSMITHKLINE PLC-SPON</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>37733W105</cusip>
       <value>11288</value>
       <shrsOrPrnAmt>
           <sshPrnamt>281000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>11288</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>58933Y105</cusip>
       <value>14188</value>
       <shrsOrPrnAmt>
           <sshPrnamt>200000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>14188</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>58933Y105</cusip>
       <value>7094</value>
       <shrsOrPrnAmt>
           <sshPrnamt>100000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>7094</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEWTEK BUSINESS SERVICES INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>652526203</cusip>
       <value>11</value>
       <shrsOrPrnAmt>
           <sshPrnamt>516</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>11</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>NEWTEK BUSINESS SERVICES INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>652526203</cusip>
       <value>337</value>
       <shrsOrPrnAmt>
           <sshPrnamt>16076</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>337</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PTC THERAPEUTICS INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>69366J200</cusip>
       <value>384</value>
       <shrsOrPrnAmt>
           <sshPrnamt>8180</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>384</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PFIZER INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>717081103</cusip>
       <value>1026</value>
       <shrsOrPrnAmt>
           <sshPrnamt>23275</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>1026</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>PFIZER INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>717081103</cusip>
       <value>16602</value>
       <shrsOrPrnAmt>
           <sshPrnamt>376725</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>16602</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ROYAL DUTCH SHELL PLC-ADR A</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>780259206</cusip>
       <value>6814</value>
       <shrsOrPrnAmt>
           <sshPrnamt>100000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>6814</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>ROYAL DUTCH SHELL PLC-ADR A</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>780259206</cusip>
       <value>6814</value>
       <shrsOrPrnAmt>
           <sshPrnamt>100000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>6814</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SANOFI-AVENTIS</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>80105N105</cusip>
       <value>6701</value>
       <shrsOrPrnAmt>
           <sshPrnamt>150000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>6701</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>SANOFI-AVENTIS</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>80105N105</cusip>
       <value>13401</value>
       <shrsOrPrnAmt>
           <sshPrnamt>300000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>13401</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>STAGE STORES INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>85254C305</cusip>
       <value>32</value>
       <shrsOrPrnAmt>
           <sshPrnamt>16491</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>32</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>TOTAL SA-SOPN ADR</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>89151E109</cusip>
       <value>6439</value>
       <shrsOrPrnAmt>
           <sshPrnamt>100000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>6439</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>TOTAL SA-SOPN ADR</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>89151E109</cusip>
       <value>12878</value>
       <shrsOrPrnAmt>
           <sshPrnamt>200000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>12878</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WESTERN UNION CO THE</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>959802109</cusip>
       <value>9530</value>
       <shrsOrPrnAmt>
           <sshPrnamt>500000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>9530</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WESTERN UNION CO THE</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>959802109</cusip>
       <value>3812</value>
       <shrsOrPrnAmt>
           <sshPrnamt>200000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>1</otherManager>
       <votingAuthority>
           <Sole>3812</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
   <infoTable>
       <nameOfIssuer>WILLIAMS COMPANIES INC</nameOfIssuer>
       <titleOfClass>Com</titleOfClass>
       <cusip>969457100</cusip>
       <value>9517</value>
       <shrsOrPrnAmt>
           <sshPrnamt>350000</sshPrnamt>
           <sshPrnamtType>SH</sshPrnamtType>
       </shrsOrPrnAmt>
       <investmentDiscretion>DFND</investmentDiscretion>
       <otherManager>0</otherManager>
       <votingAuthority>
           <Sole>9517</Sole>
           <Shared>0</Shared>
           <None>0</None>
       </votingAuthority>
   </infoTable>
</informationTable>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
