Latest Chubb Headlines
All the headlines from our Chubb Topic Page, ordered by recency.
Chubb’s Stephenson Joins CNA Commercial as Chief Underwriting Officer
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...
People – East
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...
AIG Sees Opportunity in ACE-Chubb Marriage
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...
AIG Insurance Results Down in Q2; CEO Sees Opportunity in ACE-Chubb
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...
Chubb Did Not Seek Competing Offers Prior to ACE Deal
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,...
The New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg
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...
ACE Names North America Management Team for New Chubb
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...
ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims
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...
Chubb Reports Q2 Results
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...
New Chubb Will Preserve Old Chubb’s Agency Culture, Says ACE’s Greenberg
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...
Travelers Decided to Pass on Buying Chubb: Fishman
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....
ACE Q2 Profit Climbs in First Earnings Report After Chubb Announcement
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,...
ACE to Acquire Chubb in $28.3 Billion Deal
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...
Analysis of Chubb’s Future Position in P/C Product Lines
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...
Poll: Is ACE-Chubb Deal Good or Bad?
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...
If Terminated After ACE Takeover, Chubb CEO Finnegan Due $93M
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...
Big ACE-Chubb Deal Triggers ‘Feverish’ Merger Speculation
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...
ACE to Acquire Chubb in $28.3 Billion Deal
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...
ACE Launches General Liability Offering for Multinational Middle-Market Companies
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...
Chubb’s Leidwinger Named President, Chief Operating Officer for CNA Commercial
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...
