FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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                      	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

KRUMP PAUL J	2. Issuer Name and Ticker or Trading Symbol

Chubb Ltd [ CB ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Executive Vice President*	
(Last)          (First)          (Middle)

THE CHUBB BUILDING, 17 WOODBOURNE AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY)

2/26/2017		
(Street)

HAMILTON, D0 HM 08
(City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)

 	6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person	

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1.Title of Security
(Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code
(Instr. 8)	4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)	
			Code	V	Amount	(A) or (D)	Price				
Common Shares  	2/26/2017  	 	M	  	21788   (1)	A	$0.00  	101564  	D  	 	
Common Shares  	2/26/2017  	 	F (2)	  	10768  	D	$138.545  	90796  	D  	 	
Common Shares  	2/26/2017  	 	M	  	7262   (3)	A	$0.00  	98058  	D  	 	
Common Shares  	2/26/2017  	 	F (2)	  	3719  	D	$138.545  	94339   (4)	D  	 	

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)	
1. Title of Derivate Security
(Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code
(Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)	6. Date Exercisable and Expiration Date	7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)	8. Price of Derivative Security
(Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)	
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					
Performance Units  	$0.00  	2/26/2017  	 	M  	  	  	21788   	  (1)	  (1)	Common Shares  	21788  	$0.00  	35560   (5)	D  	 	
Restricted Stock Units  	$0.00  	2/26/2017  	 	M  	  	  	7262   	  (3)	  (3)	Common Shares  	7262  	$0.00  	11853   (6)	D  	 	
ESOP Excess Benefit Plan Rights  	  (7)	 	 	   	  	  	  	  (8)	  (8)	Common Shares  	6102.79   (9)	 	6102.79   (9) (10)	D  	 	

Explanation of Responses:	
(  1) 	Reflects Performance Units which cliff vested on February 26, 2017. Performance Units convert into Common Shares on a one-for-one basis.	
(  2) 	Common Shares being withheld in order to pay tax liability.	
(  3) 	Reflects Restricted Stock Units which cliff vested on February 26, 2017. Restricted Stock Units convert into Common Shares on a one-for-one basis.	
(  4) 	The reporting person no longer holds an indirect interest.	
(  5) 	All Performance Units of this tranche have vested. Total includes Performance Units from other tranches with different vesting dates, but excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.	
(  6) 	All Restricted Stock Units of this tranche have vested. Total includes Restricted Stock Units from other tranches with different vesting dates, but excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates, as applicable.	
(  7) 	Each ESOP Excess Benefit Plan Right represents the right to receive one Common Share.	
(  8) 	The reported ESOP Excess Benefit Plan Rights were acquired under an excess benefits plan and are to be settled upon the Reporting Person's separation from service.	
(  9) 	Includes 5,970.994 rights reported on the Reporting Person's Form 3, and 194.715 rights that were subsequently credited pursuant to the dividend investment provisions of the excess benefits plan.	
(  10) 	Total excludes derivative securities of other types and other tranches, different vesting terms, performance periods and conditions, exercise terms and conditions, and expiration dates as applicable.	

Remarks:
*of Chubb Group and President of North America Commercial and Personal Insurance	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
KRUMP PAUL J
THE CHUBB BUILDING
17 WOODBOURNE AVENUE
HAMILTON, D0 HM 08			Executive Vice President*		

Signatures		
/s/ Samantha Froud, Attorney-in-fact		2/28/2017	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).	
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.