Chubb’s Healthy Paws Offers 10% Discount at PetSmart, 111 Capital Raises Stake by 242%
Chubb's Healthy Paws launched a 10% premium discount on new pet insurance policies for PetSmart Treats Rewards members in most U.S. states (excluding CA, CO, FL, MN, NY, TN and WA). 111 Capital boosted its Chubb stake by 3,281 shares in Q3, a 242.1% increase to 4,636 shares.
1. Partnership Details
Chubb's Healthy Paws unit introduced a 10% premium discount for Treats Rewards members enrolling in new pet insurance policies through PetSmart's referral link. The offer applies in most U.S. states—excluding California, Colorado, Florida, Minnesota, New York, Tennessee and Washington—and aims to expand Healthy Paws' reach across roughly 1,700 PetSmart stores and digital channels.
2. Institutional Investment
In the third quarter, 111 Capital acquired an additional 3,281 shares of Chubb Limited, boosting its total stake to 4,636 shares—a 242.1% increase. This move underscores growing institutional confidence in Chubb's strategic growth, particularly within its pet insurance segment.