{"id":48777,"date":"2026-04-14T17:54:27","date_gmt":"2026-04-14T17:54:27","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/48777\/"},"modified":"2026-04-14T17:54:27","modified_gmt":"2026-04-14T17:54:27","slug":"i-am-both-optimistic-and-im-concerned-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/48777\/","title":{"rendered":"\u2018I am both optimistic and I\u2019m concerned\u2019"},"content":{"rendered":"\n

In today\u2019s CEO Daily: Diane Brady talks to the Chubb<\/a> CEO about his shareholder letter.<\/p>\n

The big leadership story: Josh D\u2019Amaro\u2019s rough first week as Disney<\/a> CEO.<\/p>\n

The markets: Mixed globally as the Iran war carries on.<\/p>\n

Plus: All the news and watercooler chat from Fortune.<\/p>\n

Good morning. This is peak season for shareholder letters, in which CEOs share observations about their results, priorities and views of the trends shaping business. Most are short, bland and to the point. But Warren Buffett turned his letters<\/a> into lessons on leadership (Greg Abel has now taken up the mantle<\/a> at Berkshire Hathaway<\/a>.) BlackRock<\/a> CEO Larry Fink talked about \u201ca deeper feeling that capitalism is working\u201d in this year\u2019s letter, and many eagerly await Jamie Dimon\u2019s novella-length letter<\/a> to drop soon.<\/p>\n

In the canon of great shareholder letters, I would add the prose of Evan Greenberg, the chairman and CEO of Chubb Group. He has amassed quite a following and body of work in more than two decades at the helm (first of ACE Ltd, which later became Chubb after he acquired the insurer in 2016). He\u2019s since built Chubb into one of the world\u2019s most valuable property and casualty insurers, with a $126.5 billion market cap.<\/p>\n

In his latest annual letter<\/a>, he offers 25 pages of thought-provoking observations on the world between noting results like the record $10 billion in core operating income last year. \u201cIt\u2019s personal to me,\u201d he told me yesterday, noting that it takes him no less than three months and 15 drafts. \u201cIt\u2019s not a writer\u2019s turn of phrase. It reads as I speak, as I think \u2026 The subjects I pick are relevant to Chubb.\u201d<\/p>\n

Here are some edited reflections on the subjects he raised this year:<\/p>\n

On China: \u201cI\u2019m deeply invested in it. My company is deeply invested, and it is the most important relationship in the world \u2026 I just spent a week in China, 10 days where I went to five different cities, to see new tech companies \u2026 the humility, the work ethic, the drive to innovate and create and succeed. They want to bring what they\u2019re doing to America. Cooperation and engagement don\u2019t mean surrender. It doesn\u2019t mean you\u2019re weak. The United States has so many advantages over China. Where we\u2019re fearful is because of their scale, their size and their capability. I deeply admire the Chinese culture. I deeply admire the people. I\u2019ll bet on them all day long. That\u2019s different than the politics and the political construct of the country \u2026 Each picks their own.\u201d<\/p>\n

On AI: \u201cThe good that it can do in medicine and science, the potential it unlocks, is breathtaking. Technology is evolving but human nature has not evolved \u2026 We\u2019re just as tribal, just as prejudiced as human beings as we\u2019ve ever been, and we\u2019re handing ourselves this powerful tool. We don\u2019t even quite understand it yet so I am both optimistic and I\u2019m concerned.\u201d<\/p>\n

On America: \u201cDemocracy is so fragile. Civil society is a participant sport. We are all members. I\u2019m so sick of the dark side we find ourselves in\u2014right and left\u2014where we feed on the notion of denigrating who we are \u2026 I don\u2019t know one person who comes from another country to live here and doesn\u2019t say how privileged they feel and how lucky we are, and how much we take it for granted.\u201d<\/p>\n

On Leadership: \u201cI\u2019m the leader of a public corporation. I\u2019m not the leader of a religious institution. I\u2019m not the moral spokesman for the world. I\u2019m acutely aware that I, as the CEO of Chubb, am an asset of the company \u2026 It\u2019s an honor and a privilege to have my role, and it\u2019s my responsibility to account to my shareholders every year for the company that they have invested in, and to explain it and to illuminate beyond the numbers \u2026 Chubb is my second greatest love. It\u2019s all wrapped up in that when I write this letter. Every word matters to me.\u201d<\/p>\n

Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/a><\/p>\n

This story was originally featured on Fortune.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"In today\u2019s CEO Daily: Diane Brady talks to the Chubb CEO about his shareholder letter. The big leadership…\n","protected":false},"author":2,"featured_media":39832,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[131],"tags":[351,240,21270],"class_list":["post-48777","post","type-post","status-publish","format-standard","has-post-thumbnail","category-chubb","tag-china","tag-chubb","tag-warren-buffett"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116404346127370067","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/48777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=48777"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/48777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/39832"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=48777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=48777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=48777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}