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Chubb expects a $250m benefit from new U.S. tax law

Chubb expects a $250m benefit from new U.S. tax law

NEW YORK:Chubb has announced an expected benefit from the new U.S. corporate tax law in excess of $250 million in the fourth quarter of 2017. Chubb logoThis preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate from 35% to 20%, and the deemed repatriation of foreign subsidiary earnings on the company’.