Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) 2009 Annual Incentive Compensation Award Criterion. On February 25, 2009, the Organization & Compensation Committee of The Chubb Corporation (Chubb) determined that the performance goal to be used for calculating 2009 annual incentive compensation awards will be Chubb's 2009 operating income, subject to adjustment to account for the reduction in investment income attributable to Chubb's repurchase of shares of common stock.

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