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 promised. The new company will …
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 the industry since the 2008 government …
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 growth and earnings than …
ACE Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to win business. “It’s not back to the late …
Ace Ltd. Chief Executive Officer Evan Greenberg, whose insurer last week posted a decline in fourth-quarter profit as currency fluctuations pressured results, predicted that recent gains in the dollar will be temporary. “The U.S. right now is the preferred destination …
The failure of Congress to renew federal terrorism reinsurance legislation is “shameful” because both political parties know it needs to be done and their differences are minor, an insurance executive said today. Evan G. Greenberg, chairman and CEO of ACE …
