CHUBB CORP
8-K, 1996-10-30
FIRE, MARINE & CASUALTY INSURANCE
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                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549





                                   FORM 8-K


                                CURRENT REPORT


                      Pursuant to Section 13 or 15(d) of
                      the Securities Exchange Act of 1934


                       Date of Report:  October 29, 1996
                       (Date of earliest event reported)






                             THE CHUBB CORPORATION
            (Exact name of registrant as specified in its charter)


                                  New Jersey
                           (State of Incorporation)


        1-8661                                       13-2595722
(Commission File Number)                   (IRS Employer Identification No.)


     15 Mountain View Road, P.O. Box 1615, Warren, New Jersey  07061-1615
                   (Address of principal executive offices)


              Registrant's Telephone Number, including area code:
                                (908) 903-2000

ITEM 5.  OTHER EVENTS

On October 29, 1996, The Chubb Corporation (the "Registrant") issued the
press release attached as Exhibit 20.2 to this report and incorporated
herein by reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)      Exhibits.

         20.2 Registrant's press release, dated October 29, 1996.




                                   Signature


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                             THE CHUBB CORPORATION


                                             By: /s/ Robert Rusis
                                                 -----------------------
                                                 Robert Rusis
                                                 Senior Vice President &
                                                 General Counsel



Dated:  October 30, 1996



                                 EXHIBIT INDEX


Exhibit  Description of Exhibit

20.2     Registrant's press release, dated October 29, 1996.





                                                           EXHIBIT 20.2




                       [NEWS THE CHUBB CORPORATION LOGO]






FOR IMMEDIATE RELEASE:


         WARREN, N.J., October 29, 1996 - The Chubb Corporation announced today
that it has retained Goldman, Sachs & Co. to assist it in the process of
evaluating its strategic alternatives with respect to the Corporation's life
insurance companies, including the possible sale or spin-off of the business.
Separately, Chubb said that it is also considering its strategic alternatives
with respect to its real estate subsidiary, Bellemead Development Corporation,
which could include the sale of some or all of Bellemead's properties.



For further information contact:       Gail E. Devlin
                                       (908) 903-3245

                                       Glenn A. Montgomery
                                       (908) 903-2365



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