Results in brief

Chubb Financial Solutions (CFS) , the Chubb group’s main vehicle for convergence activities and particularly credit derivatives, recorded a loss of US$55.9mn for the first nine months of the year compared with a profit of US$5.3mn for the same period of last year. The third quarter 2002 loss at CFS was US$40.4mn due to the need to make a mark-to-market adjustment in its credit derivatives portfolio.