Exhibit 10.11

Chubb Limited

Outside Directors Compensation Parameters

February 2020

• Annual Retainer Fee of $305,000. Paid $180,000 in restricted stock and $125,000 cash or, at the election of the director, $305,000 in restricted stock. Includes expectation of service on up to two committees (not counting service on Executive Committee). No fees are payable for regular board or committee meetings.

• Annual premiums for committee chairs and lead director:

—     Audit–$35,000        

—     Compensation–$25,000    

—     Nominating & Governance–$20,000        

—     Risk & Finance–$25,000

—     Lead director–$50,000

• Annual premiums for selected committee service (non-chair): None.

• Committee chair and lead director service premiums are payable in cash quarterly or, at the election of the director, in restricted stock annually.

• Meeting fees for “special” meetings (required to consider transactions or other special circumstances, as determined jointly by the Lead Director and Chairman): $2,000 per telephone meeting, $3,000 for ‘in person’ meetings. Payable in cash quarterly. Meeting fees as described in this paragraph shall be payable as determined by the Nominating & Governance Committee, but in all cases subject to availability, taking into account paid and allocable Retainer Fees and premiums described above, within the annual compensation cap approved by shareholders.

• Restricted stock will be awarded at beginning of the plan year (i.e. the date of the Annual General Meeting) and become non-forfeitable at end of the plan year, provided that the grantee has remained a Chubb director continuously during that plan year. Increases shall be paid on a pro-rated basis, based on date of award.