Chubb’s Cozy Ties with Communist China Should Alarm Every American

When Americans think of insurance, they think of safety and trust not loyalty to a foreign adversary. Yet Chubb, one of the largest insurers in the United States, and its CEO Evan Greenberg, have tied the company’s future to Communist China in ways that should alarm every American.

Even as U.S. intelligence officials warn that the Chinese Communist Party (CCP) is America’s “pacing threat,” Greenberg continues to treat Beijing as a friend and partner. In March 2024, he met personally with Xi Jinping at Beijing’s Great Hall of the People. Just months prior, he introduced Xi at a San Francisco gala as a “force for good in the world.” These are not the words of a corporate leader committed to American values, but of one comfortable aligning with a regime responsible for economic coercion, military aggression, and systemic human-rights abuses.

Greenberg has built a career on cultivating ties with Beijing. Chubb now owns more than 85 percent of Huatai Insurance Group, a Chinese firm that operates under CCP regulatory control. Such a stake could not exist without the Party’s explicit approval. Greenberg himself has boasted of doing business in China since 1992, and his deep involvement in organizations like the National Committee on U.S.–China Relations and the U.S.–China Business Council, who both advocates of closer ties with Beijing, only tightens those links. These groups have even sold $40,000 banquet tickets for Americans to dine with Xi Jinping.

In his 2022 letter to shareholders, Greenberg chastised Washington for supporting Taiwan, warning that “tone-down rhetoric and symbolism” were needed and claiming efforts to “contain” the CCP would be “self-isolating.” In other words, he believes standing up to a totalitarian regime that threatens its neighbors and spies on Americans somehow weakens our country.

The hypocrisy is breathtaking. While Greenberg cozies up to China, Chubb aggressively pushes woke Environmental, Social, and Governance (ESG) and Diversity, Equity, and Inclusion (DEI) policies here at home. The company lectures Americans about sustainability and social responsibility, yet keeps expanding in China, the world’s largest polluter and one of its worst human-rights abusers. China emits more carbon than the United States and Europe combined and persecutes ethnic minorities, religious groups, and political dissidents. However, Chubb has no qualms doing business there.

This double standard reveals the cynical nature of Chubb’s activism: ESG and DEI are tools to pressure American consumers and companies while the firm profits in partnership with a regime that embodies environmental destruction and racial oppression. 

Insurance is a strategic industry, holding vast amounts of sensitive personal and financial data. By complying with Chinese law, Chubb’s Chinese operations are required to share information with state intelligence services, putting Americans’ privacy and security at risk. Greenberg’s open embrace of Beijing signals that U.S. corporate giants may be willing to sell out their own country for market access.

There is a difference between pursuing legitimate global business and siding with a regime that views America as an enemy to be surpassed. Greenberg and Chubb have chosen the wrong side of that line. Their alliance with the CCP undermines American interests, weakens economic independence, and emboldens a hostile foreign power.

Corporations that bed down with Beijing are making a political choice, not just a business decision. Chubb should be investing in American communities and standing with the free world, not propping up a communist dictatorship. 

Consumers, investors, and policymakers should take note. Because when American corporations cozy up to communist dictators while pushing woke politics at home, they don’t just betray their country -- they betray their customers.