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Ace Is High for Rate-Rattled Insurers

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Insurance company ACE's acquisition of Chubb for $28.3 billion in July 2015

07/02/2015

This is the largest acquisition in the insurance industry. ACE's CEO Greenberg is the son of Hank Greenberg of AIG. He left AIG in 2000 after 25 years at the company. He says AIG is very selective about its deals and this had to meet its high standards. ACE started in the excess insurance and hard to find corproate officers insurance market and has grown into one of the largest companies in the industry. The new company will use the Chubb name.

Grouped Articles

ACE Agrees to Buy Chubb for $28.3 Billion

Wall Street Journal 07/02/2015

Ace Is High for Rate-Rattled Insurers

Wall Street Journal 07/02/2015

Evan Greenberg Dropped Out, Then Built Insurance Behemoth

Wall Street Journal 12/16/2015

Insurance company Chubb Corp.

07/02/2015

Grouped Articles

Ace Is High for Rate-Rattled Insurers

Wall Street Journal 07/02/2015


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