Issuer:

The Chubb Corporation

Current Ratings:

A2 (Stable) / A (Stable) / A+ (Stable)

Remarketing Agents:

Citigroup Global Markets Inc., Goldman, Sachs & Co., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated

Ranking:

The Senior Notes are senior unsecured obligations and rank equally with all of Chubb’s other unsecured and unsubordinated indebtedness

Remarketing Date:

May 11, 2006

Settlement Date:

May 16, 2006

Maturity:

August 16, 2008

Securities Remarketed:

$460,000,000

Denomination:

Minimum denomination of $25 and in integral multiples thereof

Treasury Benchmark:

4.875% due 4/15/2008

Treasury Price:

99-24+

Treasury Yield:

5.001%

Re-offer Spread:

+57 bp

Coupon:

5.472% (quarterly)

Proceeds from Remarketing:

$459,407,520.00

Yield-to-Maturity:

5.571% semi-annual equivalent 5.533% quarterly

Remarketing Fee:

0.25% of the Treasury Portfolio Purchase Price

Price to Senior Notes investors:

$24.9678 per Senior Note

Proceeds to Equity Units Holders:

$0.062201 per Equity Unit

Offering Price as% of face value of the remarketed Senior Notes:

99.8712%

Treasury Portfolio Purchase Price:

$457,120,209.84

Interest Payments:

The interest rate on the Senior Notes will be reset to 5.472% (the “Reset Rate”) per annum effective on and after May 16, 2006. Interest on the senior notes is payable quarterly in arrears on February 16, May 16, August 16 and November 16 of each year. The first interest payment on the senior notes following this remarketing will be made on August 16, 2006.

Listing:

Not listed

Senior Note Cusip:

171232AK7