In a regulatory filing, Chubb (CB) announced it does not have exposure to any Credit Suisse (CS) contingent convertible, or "CoCo/AT1," bonds in its investment portfolio holdings. "Chubb does not invest in contingent convertible, CoCo/AT1, bonds as part of its overall investment strategy. This disclosure is in response to recently published research reports that were incorrect," the company stated.
Published first on TheFly
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