Content from Andrew Simpson
The Hartford Rejected Three M&A Offers in All From Chubb
After its initial offer of $65 per share to acquire The Hartford was rejected, insurer Chubb came back with two additional offers of $67 and then $70 per share, The Hartford reported today in its ...
A Spurned Chubb Says Hartford Isn’t The Only Fish in the Sea
Global insurer Chubb Ltd. today issued a statement that it is "disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination." However, the disappointed ...
Why Chubb’s Bid for The Hartford Is a Personal Lines ‘Chess’ Move
While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg ...
Some States Continue Mulling Mandatory Business Interruption Cover
Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies do not cover their losses from the pandemic, lawmakers in a ...
Wholesale Insurance Broker Amwins to Snatch Up Rival Worldwide Facilities
The largest wholesale insurance broker, Amwins Group, is getting even larger as it has agreed to acquire Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S. The addition ...
Lloyd’s Construction Specialists Embrace Proposed U.S. Infrastructure Boom
Construction insurance specialists at Lloyd's of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a ...
Progressive Will Grab Transportation Insurer Protective for $338M
The Progressive Corp. will acquire Indiana-based trucking industry insurer Protective Insurance Corp. for $338 million in cash - a move that will increase its stake in the commercial lines insurance ...
Chubb Wins in Judge’s Denial of Target’s Data Breach Bank Claims
Target Corp. has been denied its $138 million insurance claim against ACE (now Chubb) Insurance companies stemming from a 2013 data breach. A federal judge in Minnesota ruled the retailer had failed ...