All the headlines from our Chubb Topic Page, ordered by recency.
Oct 28 2015 // 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...
Oct 27 2015 // 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 preliminary prospectus...
Oct 22 2015 // Chubb Corp. shareholders opposed an $80 million golden parachute payment for Chief Executive Officer John Finnegan, who struck a deal to sell the insurer to Ace Ltd.About 61 percent of voting shareholders said no to the...
Oct 22 2015 // The Chubb Corp. said its shareholders approved the previously announced $28.3 billion merger agreement with Ace Limited today.The proposal to approve the merger agreement received support from approximately 98 percent of...
Oct 22 2015 // 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...
Oct 19 2015 // San Diego, CA, October 19 2015 – Arrowhead General Insurance Agency, Inc. (Arrowhead), one of the largest program administrators in the country, announced today the addition of a new Commercial All Risk property...
Oct 5 2015 // George Rogers has been promoted to senior vice president at GEICO. Rogers’ new responsibilities include oversight for GEICO’s Southeast and Midwest operations in addition to his current duties as vice president...
Oct 1 2015 // 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. 30 from the FTC...
Sep 28 2015 // ACE Ltd. announced that it intends to appoint Juan C. Andrade, as executive VP of the new Chubb Group and President of the International Non-life Insurance division, which encompasses operations with both retail broker and...
Sep 22 2015 // CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy insurance offerings that could...
Sep 17 2015 // Jay Fishman, who built New York-based Travelers Cos. into one of the world’s biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the U.S.Over the...
Sep 8 2015 // 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, wholesale/excess and...
Sep 8 2015 // ACE Limited announced the leadership team it intends to appoint for the company’s North America field organization that will take over upon completion of the acquisition of Chubb, which ACE said is expected in the...
Aug 31 2015 // QBE Insurance has appointed Mark Lingafelter as managing director of its Asia Pacific region with effect from September 1, 2015.Based in Singapore, Lingafelter will be accountable for the ongoing execution of the QBE Asia...
Aug 24 2015 // CNA has appointed Julie Stephenson as senior vice president and chief underwriting officer for CNA Commercial. In this role, Stephenson will be responsible for underwriting oversight and governance for all business written...
Aug 17 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion in July, has designated a post-merger leadership team for the North American insurance operations of the combined company.The North America leadership...
Aug 17 2015 // ACE Limited’s acquisition of Chubb Insurance could create opportunity for American International Group (AIG), which is already a major player in the high net worth market along with both ACE and Chubb.Asked during an...
Aug 4 2015 // American International Group Inc. (AIG) today reported net income of $1.8 billion for the quarter ended June 30, 2015, compared to $3.1 billion, for the second quarter of 2014. Second quarter net income declined primarily...
Aug 3 2015 // Chubb Corp. and its bankers at Guggenheim Securities opted against seeking competing offers before the insurer agreed to be purchased by ACE Ltd. for more than $28 billion.“It was not asked by the Chubb board to, and...
Aug 3 2015 // The new company formed as a result of ACE Limited’s $28 billion acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg...