Chubb Limited (NYSE: CB) announced that its subsidiary Chubb INA Holdings LLC has priced a public offering of $1 billion of 5.30% senior notes due 2036. The notes are guaranteed by Chubb Limited.

The company stated it intends to use the net proceeds for general corporate purposes, which may include the repayment or refinancing of debt.

Barclays Capital Inc. and Wells Fargo Securities, LLC serve as joint book-running managers for the offering.

The offering is being conducted through a prospectus supplement and accompanying prospectus, which can be obtained through the underwriters or through the Securities and Exchange Commission's EDGAR database.

Chubb operates in 54 countries and territories, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance. The company employs approximately 45,000 people and is listed on the New York Stock Exchange as a component of the S&P 500 index.