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. Chubb’s Environmental products distribution network has grown from nine to 48 branch offices, as a …
ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6 billion of annual premiums on personal …
Chubb Chairman and CEO Evan Greenberg believes opportunity and incentives will encourage most executives to stay with the insurer in the wake of its recently completed mega-merger. “I don’t kid myself. We’re not going to keep everybody,” Greenberg said during …
ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares …
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 longest portion, a 30-year …
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 the insurers. “That execution takes …
