CEO of Insurance Giant Accused of Shilling for Chinese Communist Party

Evan Greenberg, the CEO of Chubb Limited, now faces a firestorm of criticism after Consumers’ Research unleashed a multimillion-dollar ad blitz exposing his longstanding entanglements with the Chinese Communist Party. The campaign paints a picture of an American executive who has repeatedly aligned himself with Beijing’s interests, raising alarms about national security and corporate loyalty at a time when President Trump continues to push back against Chinese influence.

The “China Chubb” initiative, which rolled out on October 1 with TV spots, digital ads, and a rolling billboard in D.C., zeros in on Greenberg’s meetings with top CCP officials and Chubb’s aggressive expansion into the Chinese market.

Consumers’ Research Executive Director Will Hild laid out the charges plainly: “Despite growing warnings from U.S. intelligence about the risks 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 meeting personally with Xi Jinping and publicly introducing him as a force for good… As the saying goes, your friends show who you really are, and Greenberg’s actions have made it clear he is all in on the CCP. Our campaign exposes the uncomfortable truth: When American corporations cozy up to communist dictators and push woke policies at home, they betray not just their country, but their customers.”

Greenberg’s connections extend far beyond casual diplomacy. He holds a seat on the advisory board of Tsinghua University School of Economics and Management, a Beijing institution with documented links to China’s military and national security operations. This role places him alongside other global elites like Mark Zuckerberg and Tim Cook, fueling suspicions that such boards serve as conduits for CCP soft power.

Greenberg also chairs the National Committee on U.S.-China Relations, a group that hosted a lavish 2023 banquet for Xi in San Francisco, where tickets fetched $40,000 a pop from American businesses.

At that event, Greenberg took the stage to introduce the Chinese leader: “Like many others in this room, I believe that a strong and prosperous China that supports and invests in the international system can be a force for good in the world… We are gathered today to gain insight from President Xi into his vision for the future of his country and of the relationship between the United States and China. Ladies and gentlemen, please join me in warmly welcoming President Xi Jinping.”

On the business front, Chubb has poured resources into China, recently boosting its ownership in Huatai Insurance Group to over 85 percent with Beijing’s blessing. Greenberg’s family legacy adds another layer—his father, Hank Greenberg, controls a major stake in another Chinese insurer and has facilitated high-level dialogues with CCP figures, including events endorsed by Xi himself.

These moves come amid broader concerns that U.S. firms like Chubb might be unwittingly—or deliberately—opening doors for Chinese espionage and economic leverage within America’s financial infrastructure.

Greenberg has publicly downplayed tensions, urging the U.S. to soften its stance on Taiwan and dismissing containment strategies against China as “self-isolating” in his 2022 shareholder letter. He once praised China’s economic trajectory as evidence of its “strong resilience and vitality.” Yet, Chubb’s own annual reports label China a “revisionist and revanchist power,” hinting at internal contradictions that critics say mask a deeper agenda.

Defenders, including former Trump national security advisor Robert O’Brien, argue Greenberg advances U.S. interests by engaging China and airing corporate grievances to aid negotiations. China expert Michael Pillsbury echoed this, noting Greenberg’s role in compiling complaints about Beijing’s treatment of American companies to support President Trump’s hardline approach.

Chubb dismissed the campaign as “completely dishonest,” insisting Greenberg has called out China’s predatory tactics and advocated for defending American priorities. But with the ads now blanketing airwaves and social media, questions linger about whether these ties represent a calculated betrayal, allowing foreign adversaries to burrow into the heart of U.S. industry while executives chase profits abroad.

As the scrutiny intensifies, consumers and policymakers alike are left wondering if companies like Chubb prioritize American families or distant regimes.