News
Big ACE-Chubb Deal Drives ‘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 ...
Chubb CEO Finnegan Eligible for $93M Severance If Let Go After ACE Sale
Chubb Corp. Chief Executive Officer John Finnegan could walk away with at least $92.7 million if he's terminated after ACE Ltd. acquires the company. Finnegan, who's run the insurer since late 2002, ...
How They Stack Up: Analysis of Chubb’s Future Position in P/C Product Lines
Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman's Fund from Allianz, competing against Chubb, which holds the leading position ...
ACE-Chubb $28.3B Deal Took Just ‘Weeks’ to Put Together: Greenberg
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2015 "We are first and foremost builders. Insurance is a long-term business. We are patient," said ACE Chair and Chief Executive Officer ...
Hortica to Become a Member of Sentry Insurance Group
Sentry Insurance announced that it has finalized an affiliation agreement with Hortica Insurance, a leading insurer in the floral industry, to make Horton a member of Sentry Insurance Group. The ...
Delaware Bans ‘Loser Pays’ Fee Shifting in Class Actions
Delaware's governor has signed into law a ban on companies adopting rules that could force investors who bring and lose certain lawsuits to pay the company's legal costs, disappointing business ...
Breaking News: ACE to Acquire Chubb in $28.3 Billion Deal
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and ...
No Ratings Impact Seen From Proposed Offshore Re Tax Changes: A.M. Best
Tax changes proposed by U.S. lawmakers to prevent offshore tax avoidance by reinsurers will not lead to prompt any rating revisions over the near term, according to a briefing from A.M. Best. Under ...