Chubb stock looking like a Buy, Barron’s says

Insurers might not be the most exciting investments, but there’s a lot to like about Chubb, the global leader in property and casualty insurance, Andrew Bary writes in this week’s edition of Barron’s. Chubb is best known for its high-end Masterpiece homeowner’s insurance, which covers more valuable U.S. residential properties than any other brand. It is known for going the extra mile, such as contracting with private firefighting services to protect West Coast homeowners from wildfires. Service like that has made Chubb, with a $86 billion market capitalization, the industry’s biggest player. It has a history of superior underwriting results, and its nearly $100 billion bond portfolio is getting a big boost from higher interest rates, the author notes. These positives aren’t reflected in Chubb shares, which now trade at around $208, the publication adds. Reference Link