All the headlines from our Chubb Topic Page, ordered by recency.
Jul 28 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company.The North America...
Jul 28 2015 // ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the...
Jul 24 2015 // 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 achieved in the second...
Jul 23 2015 // 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 Greenberg has...
Jul 22 2015 // 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 Ace Ltd....
Jul 22 2015 // ACE Ltd., the insurer that agreed this month to acquire Chubb Corp., said second-quarter profit rose 21 percent as policy sales climbed.Net income increased to $942 million, or $2.86 a share, from $779 million, or $2.28, a...
Jul 20 2015 // In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock.The balance sheet’s size and strength will elevate the combined company into the elite group of global P/C...
Jul 20 2015 // 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 in the space.The...
Jul 15 2015 // 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 property/casualty...
Jul 1 2015 // 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, would be...
Jul 1 2015 // 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 acquisition in...
Jul 1 2015 // 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 distribution and greater...
Jun 15 2015 // ACE Group has launched a new insurance offering that combines domestic general liability coverage and international general liability coverage for U.S. middle-market companies that are expanding globally.The policy brings...
Jun 3 2015 // CNA Financial Corp. has appointed Kevin Leidwinger as president and chief operating officer of CNA Commercial, reporting to Tom Motamed, chairman and chief executive officer, CNA. In this role, Leidwinger will lead the CNA...
May 29 2015 // Salon Privé and Chubb Insurance Company of Europe SE announced that they have renewed their sponsorship agreement for the esteemed automotive event’s Concours and Tour d’Elégance.Chubb said the...
May 18 2015 // Three insurance professionals with experience in the high-net-worth customer segment have joined Chubb Personal Insurance (CPI).Jennifer Celmer, Robert Haibi and Eric Shanks have been appointed to management roles at Chubb...
Apr 24 2015 // Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as “solid” all...
Apr 20 2015 // An insurance company is suing the owners of a $4 million mansion that burned to the ground in suburban Cincinnati, Ohio, last year.Chubb National Insurance Co. recently filed a lawsuit in federal court in Cincinnati in...
Apr 20 2015 // The Chubb Corporation announced on April 7 that it estimates the impact of losses from catastrophes for the first quarter of 2015 to be approximately $250 million before tax ($0.69 per share after tax). The Warren, New...
Apr 9 2015 // An insurance company is suing the owners of a $4 million mansion that burned to the ground in suburban Cincinnati, Ohio, last year.Chubb National Insurance Co. recently filed a lawsuit in federal court in Cincinnati in...