Chubb insurance CEO targeted in new campaign over China connections

First on Fox: Consumer Research, a leading nonprofit dedicated to consumer information and corporate confrontation, launched a new campaign on Thursday targeting insurance giant Chubb Ltd. and its CEO Evan Greenberg, alleging “deep ties to… Communist Party of China (Chinese Communist Party).”

The campaign, part of a seven-figure initiative titled “China Chubb,” accuses the insurer and its CEO of “coziing up to the Chinese Communist Party” and “using their market power and resources to advance a woke political agenda for the American people.”

The effort is part of the Consumer First Initiative launched by the Consumer Research Foundation, which aims to expose companies that the group claims are putting politics before consumers. Chubb’s business reaches 54 countries, including China, the territories and all 50 states and employs more than 40,000 people worldwide.

Consumer research says the campaign will involve citizens 30-second TV commercial Titled “China Chubb,” it will begin airing nationwide after the launch.

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A consumer research organization has released a scathing ad about the relationship between insurance company Chubb and China. (Embassy of the People’s Republic of China)

The campaign also includes a new website, ChinaChubb.coma mobile billboard that will be distributed throughout Washington, D.C., including Capitol Hill and Chubb’s Washington office, as well as a targeted digital campaign with sponsored content on social media platforms and online news outlets.

According to the organization, the campaign’s goal is to “show consumers and Americans who Chubb’s true friends are,” including highlighting how comfortable Greenberg is with the Chinese Communist Party.

The ad campaign received a sharp rebuke from a Chubb spokesperson, who called it “completely dishonest” in a statement to Fox News Digital.

“Evan has criticized China’s authoritarian approach and predatory practices. He has repeatedly called on the United States to stand up and defend its interests,” the spokesperson said.

Robert O’Brien, former national security adviser to President Donald Trump, also responded to the announcement in a statement to Fox News Digital.

“I have worked with Evan Greenberg for several years now on US relations with China,” O’Brien said. “In my dealings with Evan, he has been an advocate for US interests in the region. Through its operations in China, his company has contributed to reducing the US trade deficit.”

However, a Fox News Digital review found that Greenberg has personal and professional associations with the Chinese Communist Party, including meetings with Chinese President Xi Jinping and making public statements praising the Chinese Communist Party’s global vision.

Earlier this year, Greenberg It is said that he attended The prestigious China Development Forum in China alongside executives such as Blackstone’s Stephen Schwarzman and Mastercard’s Michael Miebach. The annual forum, which includes delegates from around the world, includes access to dozens of senior Chinese Communist Party officials, according to a delegate list released earlier this year.

During this same week, Greenberg Pictured in a press release Published by the Chinese government it shows him shaking hands with Wang Yi, a member of the Political Bureau of the Communist Party of China Central Committee, a senior position in the Chinese Communist Party. The press release paraphrased Greenberg, “The US-China relationship is the most important bilateral relationship in the world.”

In 2024, Greenberg was photographed Not only was he shaking hands with Xi Jinping in Beijing as chairman of the National Committee on US-China Relations, but he was also offering glowing remarks about China’s “resilience and vitality.”

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Evan Greenberg shakes hands with Chinese President Xi (Embassy of the People’s Republic of China)

“China’s extraordinary economic growth and transformation over the past decades demonstrates its resilience and strong vitality,” Greenberg said.

In November 2023, he Offer something At the San Francisco event.

“Like many others in this room, I believe that a strong, prosperous China that supports and invests in the international order can be a force for good in the world,” Greenberg said at the event.

“We gathered today to get insight from President Xi on his vision for his country’s future, and for the relationship between the United States and China. Ladies and gentlemen, please join me in warmly welcoming President Xi Jinping.”

That same month, Evan Greenberg was elected Chairman of the National Committee’s Board of Directors
U.S.-China relations after having been an “exemplary” board member and staff member of the National Committee and “supports the committee’s mission.” The National Committee on US-China Relations sold a $40,000 ticket to Americans and US companies to sit at Xi Jinping’s table during his welcome banquet in San Francisco that included several senior Chinese Communist Party officials and guests, which has come under heavy criticism. A diatribe From the House Select Committee on the Communist Party of China.

In 2022, Xi sent his personal greetings to the ceremony honoring Greenberg. Meanwhile, Greenberg serves as a member of the Advisory Board of Tsinghua University’s School of Economics and Management Directly linked China’s National Security and Defense Service. This university operates under the wing of the Chinese government known for developing defense technology — a connection that would likely raise red flags for any US executive overseeing sensitive insurance data.

Greenberg is not the only prominent American business leader serving on this council, a group that includes Meta CEO Mark Zuckerberg, Carlyle Group co-founder David Rubinstein, and Apple CEO Tim Cook.

Chubb CEO Evan Greenberg alongside People’s Republic of China Foreign Minister Wang Yi (Chinese Ministry of Foreign Affairs)

Greenberg also called on the United States to “tone down its rhetoric on Taiwan” and criticized efforts to contain the Chinese Communist Party as “isolating itself” and doomed to failure. In shareholder letters, he warned against treating the US-China competition as a “new Cold War,” and described some US trade protectionism as “wrong” and “unwise.”

However, Greenberg acknowledged the complex nature of the situation in Taiwan.

“Taiwan represents the closest risk of conflict to the US-China relationship,” he said in 2022. “Beijing has made clear its ambition that it wants to pull Taiwan into its orbit, and is increasingly matching resources with its ambitions. Washington is working to improve coordination with allies to collectively deter China from using force, while at the same time supporting Taiwan’s efforts to improve its self-defense.”

Also in 2022, Chubb received Chinese government approval to acquire a majority stake in Huatai Insurance Group, a Chinese company with assets of more than $10 billion. This share since then increased to 85.5% Meanwhile, Greenberg’s father, Hank Greenberg, has coordinated business deals and meetings with Chinese Communist Party officials, including an event sanctioned by Xi ahead of a key U.S.-China summit.

That same year, Greenberg’s father led a group of executives who met with Chinese officials ahead of Xi’s summit with President Biden in Bali. A research center affiliated with the Chinese Ministry of Foreign Affairs
Organized the Chinese delegation.

In addition, the company owned by Greenberg’s father, CV Starr, owns more than 90% of the Chinese insurance company formerly known as Dazhong.

Greenberg has not been exclusively complimentary of China, and has expressed concerns and criticisms about China. Saying last year“China has undermined its appeal in many parts of the region through its retaliatory efforts to demand acquiescence to its territorial claims and the mismanagement of its economy.”

“Beijing’s poor domestic performance reduces its appeal, and its bullying behavior is pushing many countries closer to the United States.”

The United States seeks to create regions in the Indo-Pacific that “remain free of Chinese dominance,” notes Chubb’s 2022 annual report. The insurer’s 2023 annual report also criticized China, saying: “China is seen as important and a source of concern to many countries around the world. China is a reactionary and revanchist power seeking a large-scale expansion of military capabilities.”

Michael Pillsbury, a Fox News contributor and China expert, told Fox News Digital that Greenberg is playing a role in outreach to China for the Trump administration.

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The Chinese national flag flies on Pingtan Island, the closest point in China to the main island of Taiwan, in southeastern China’s Fujian Province. (Adek Perry)

“Over the past few months before China accepted President Trump’s request to meet with Xi Jinping, Evan Greenberg played a behind-the-scenes role to solicit American complaints by bringing together American CEOs to meet with Xi Jinping,” Pillsbury said.

“Knowing how badly American companies are being treated helps President Trump because he is determined to end the horrific mistreatment of American companies. Friends in the White House told me that Evan Greenberg made a list of grievances about how badly our companies are being treated in China. One executive even used the term ‘China is destroying our companies.’”

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Critics argue that while other CEOs have begun to disengage from China, Greenberg is redoubling his efforts. His rhetoric reflects the Chinese Communist Party’s talking points, and his business dealings depend heavily on China’s regulatory blessings. As the United States moves to reduce its dependence on hostile foreign powers, the consumer think tank questions whether the CEO of Chubb — and his family empire — is out of step with America’s national security priorities.

Will Heald, executive director of consumer research, told Fox News Digital that Chubb’s leadership ignored clear national security warnings about China.

“Despite growing warnings from US intelligence about the dangers posed by the Chinese Communist Party, Chubb has invested billions of dollars in Chinese companies, and Greenberg continues to treat Chinese President Xi Jinping as a partner and friend, even personally meeting with Xi Jinping and publicly presenting him as a force for good,” Heald said.

He added: “As the saying goes, your friends show who you really are, and Greenberg’s actions have made it clear that he is fully involved in the Chinese Communist Party. Our campaign exposes the uncomfortable truth: When American companies cozy up to communist dictators and push nudge policies at home, they are not only betraying their country, they are betraying their customers as well.”