2023 Chubb Proxy Statement

• Approval of the management report, standalone financial statements and consolidated financial statements of Chubb Limited for the year ended December 31, 2022

• Allocation of disposable profit and distribution of a dividend from reserves
• 1. Allocation of disposable profit
  2. Distribution of a dividend out of legal reserves (by way of release and allocation to a dividend reserve)

• Discharge of the Board of Directors

• Election of Auditors
• 1. Election of PricewaterhouseCoopers AG (Zurich) as our statutory auditor
  2. Ratification of appointment of PricewaterhouseCoopers LLP (United States) as independent registered public accounting firm for purposes of U.S. securities law reporting
  3. Election of BDO AG (Zurich) as special audit firm

• Election of the Board of Directors

• Election of the Chairman of the Board of Directors

• Election of the Compensation Committee of the Board of Directors

• Election of Homburger AG as independent proxy

• Amendments to the Articles of Association
• 1. Amendments relating to Swiss corporate law updates
  2. Amendment to advance notice period

10 Reduction of share capital

1. Cancellation of repurchased shares
2. Par value reduction

1. Approval of the compensation of the Board of Directors and Executive Management under Swiss law requirements
2. 1. Maximum compensation of the Board of Directors until the next annual general meeting
   2. Maximum compensation of Executive Management for the 2024 calendar year
   3. Advisory vote to approve the Swiss compensation report
3. Advisory vote to approve executive compensation under U.S. securities law requirements
4. Advisory vote on the frequency of the U.S. securities law advisory vote on executive compensation
5. Shareholder proposal on greenhouse gas emissions targets, if properly presented
6. Shareholder proposal on human rights and underwriting, if properly presented

Notice of Internet availability of proxy materials: Shareholders of record are being mailed, on or around April 5, 2023, a Notice of Internet Availability of Proxy Materials providing instructions on how to access the proxy materials and our Annual Report on the Internet, and if they prefer, how to request paper copies of these materials.

See "Information About the Annual General Meeting and Voting" in this proxy statement for further information, including how to vote your shares. If you plan to attend the meeting, you must request an admission ticket by following the instructions in this proxy statement by May 7, 2023.

By Order of the Board of Directors,

Joseph F. Wayland

Executive Vice President, General Counsel and Secretary

April 3, 2023

Zurich, Switzerland

Your vote is important. Please vote as promptly as possible by following the instructions on your Notice of Internet Availability of Proxy Materials.

Chubb encourages shareholders to voluntarily elect to receive all proxy materials (including the notice of availability of such materials) electronically, which gives you fast and convenient access to the materials, reduces our impact on the environment and reduces printing and mailing costs. If you are a shareholder of record, visit www.envisionreports.com/CB for instructions. If you are a beneficial owner, visit www.proxyvote.com or contact your bank, broker or other nominee.