Big ACE-Chubb Deal Triggers ‘Feverish’ Merger Speculation
Evan Greenberg just took dealmaking to the next level. The chief executive officer of property/casualty insurer ACE Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest...
View ArticlePoll: Is ACE-Chubb Deal Good or Bad?
The insurance industry believes that on the whole, the ACE Ltd. acquisition of Chubb Corp. is a good deal. Industry professionals see the deal as perhaps better for the parties involved than for the...
View ArticleTravelers Decided to Pass on Buying Chubb: Fishman
For Travelers Cos.’ dealmaking Chief Executive Officer Jay Fishman, sometimes it’s OK to let one get away. Fishman said Tuesday that he opted against buying Chubb Corp., which agreed to be purchased by...
View ArticleNew Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg
The new company formed as a result of ACE Limited’s acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan...
View ArticleChubb Reports Q2 Results
The Chubb Corp., which on June 30 agreed to be acquired by ACE Limited for $28 billion, reported net income in the second quarter of 2015 totaling $494 million, just a notch below the $499 million...
View ArticleACE Names Leaders for New Chubb Business Units, Major Product Lines
ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines,...
View ArticleACE-Chubb Deal Clears Antitrust Hurdle
The Federal Trade Commission (FTC) has given the green light to ACE Limited’s $28 billion acquisition of rival insurer Chubb Corp. In a regulatory filing, ACE reported that it received notice on Sept....
View ArticleAce’s Greenberg Says Chubb Integration Will Take Years
Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate...
View ArticleAce Group $5.3 Billion Bond to Help Finance $28.3 Billion Acquisition of Chubb
Ace Group on Tuesday announced a $5.3 billion four-part bond to help finance its acquisition of Chubb, Reuters reported this morning. The Chubb deal is expected to be priced later today. Ace filed its...
View ArticleAce Sells $5.3 Billion of Bonds for Chubb Deal
Ace Ltd. yesterday sold $5.3 billion of bonds to finance its acquisition of Chubb Corp. The debt sale, which will help close a deal valued at about $30 billion, was issued in four parts, with the...
View ArticleChubb Expands Environmental Insurance Products, Services
Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management products through its newly expanded distribution network....
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