Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ZOLLAR ALFRED W
  2. Issuer Name and Ticker or Trading Symbol
CHUBB CORP [CB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
TIVOLI SOFTWARE, IBM CORPORATION, 294 ROUTE 100
3. Date of Earliest Transaction (Month/Day/Year)
04/26/2007
(Street)

SOMERS, NY 10589
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON 04/26/2007   M   3,200 A $ 54.44 8,213 D  
COMMON 04/26/2007   M   3,200 A $ 54.44 11,413 D  
COMMON 04/26/2007   M   3,200 A $ 54.44 14,613 D  
COMMON 04/26/2007   S   200 D $ 54.47 14,413 D  
COMMON 04/26/2007   S   4,400 D $ 54.46 10,013 D  
COMMON 04/26/2007   S   2,100 D $ 54.45 7,913 D  
COMMON 04/26/2007   S   2,900 D $ 54.39 5,013 D  
COMMON 04/27/2007   M   322 (1) A $ 54.11 5,335 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
STOCK OPTION (2) $ 32.45 04/26/2007   M     3,200 04/24/2001 04/26/2032 COMMON 3,200 $ 32.45 4,800 D  
STOCK OPTION (2) $ 38.16 04/26/2007   M     3,200 04/30/2002 04/26/2032 COMMON 3,200 $ 38.16 4,800 D  
STOCK OPTION (2) $ 26.51 04/26/2007   M     3,200 04/29/2003 04/26/2032 COMMON 3,200 $ 26.51 4,800 D  
STOCK UNITS 2004 (1) 04/27/2007   M     322   (1)   (1) COMMON 322 $ 0 322 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ZOLLAR ALFRED W
TIVOLI SOFTWARE, IBM CORPORATION
294 ROUTE 100
SOMERS, NY 10589
  X      

Signatures

 By: Patricia S. Tomczyk, POA   05/01/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On April 27, 2004, the reporting person received a stock unit award in the amount of 644 shares with one stock unit being the equivalent of one share of common stock. Under its terms, this stock unit award would have settled in shares of common stock on April 27, 2007. However, the receipt of 50% of the common stock issuable in respect of this stock unit award was deferred pursuant to a prior election, resulting in the issuance of 322 shares of common stock.
(2) All Stock Options are granted in tandem with tax withholding rights.

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