Controls and Procedures
−Removed: Chubb’s management, with the participation of Chubb’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of Chubb’s disclosure controls and procedures as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 as of June 30, 2022.
+Added: Chubb’s management, with the participation of Chubb’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of Chubb’s disclosure controls and procedures as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 as of September 30, 2022.
Based upon that evaluation, Chubb’s Chief Executive Officer and Chief Financial Officer concluded that Chubb’s disclosure controls and procedures are effective in allowing information required to be disclosed in reports filed under the Securities Exchange Act of 1934 to be recorded, processed, summarized, and reported within time periods specified in the rules and forms of the SEC, and that such information is accumulated and communicated to Chubb’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
−Removed: There have been no changes in Chubb's internal controls over financial reporting during the three months ended June 30, 2022, that have materially affected, or are reasonably likely to materially affect, Chubb's internal controls over financial reporting.
+Added: On July 1, 2022, we completed the acquisition of the life and non-life insurance companies that house the personal accident, supplemental health, and life insurance business of Cigna in six Asian markets.
+Added: As of and for the three months ended September 30, 2022, Cigna's A&H and Life business in Asia represented approximately 6 percent of consolidated revenues, approximately 3 percent of pre-tax income, and approximately 5 percent of total assets.
+Added: We currently exclude, and are in the process of working to incorporate, Cigna's A&H and Life business in Asia in our evaluation of internal controls over financial reporting, and related disclosure controls and procedures.
+Added: Other than the aforementioned acquisition, there have been no changes in Chubb's internal controls over financial reporting during the three months ended September 30, 2022, that have materially affected, or are reasonably likely to materially affect, Chubb's internal controls over financial reporting.
PART II OTHER INFORMATION
Legal Proceedings
−Removed: The information required with respect to this item is included in Note 7 g) to the Consolidated Financial Statements, which is hereby incorporated herein by reference.
+Added: The information required with respect to this item is included in Note 8 h) to the Consolidated Financial Statements, which is hereby incorporated herein by reference.
There have been no material changes to the risk factors described under "Risk Factors" under Item 1A of Part I of our 2021 Form 10-K.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.