M&A Deal Summary

Chubb Acquires Chubb

On July 1, 2015, Chubb Ltd. acquired insurance company Chubb Corp. for 28.3B USD

Acquisition Highlights
  • This is Chubb’s 13th transaction in the Insurance sector.
  • This is Chubb’s 1st largest (disclosed) transaction.
  • This is Chubb’s 7th transaction in the United States.
  • This is Chubb’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2015-07-01
Target Chubb Corp.
Sector Insurance
Buyer(s) Chubb Ltd.
Deal Type Add-on Acquisition
Deal Value 28.3B USD

Target

Chubb Corp.

Warren, New Jersey, United States
website
Chubb Group of Insurance Companies have provided property and casualty insurance products to customers around the globe. These products are offered through a worldwide network of independent agents and brokers. The Chubb Group of Insurance Companies is known for financial strength, underwriting and loss-control expertise, tailoring products for the needs of high-net-worth individuals and commercial customers in niche markets and select industry segments, and outstanding claim service.

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Buyer(S) 1

Buyer

Chubb Ltd.

Zurich, Switzerland

website


Category Company
Founded 1985
SectorInsurance
Employees31,000
Revenue 41.0B USD (2021)
DESCRIPTION

Chubb is a property and casualty insurer that offers a broad range of personal and commercial insurance products. Chubb was founded in 1985 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 14 of 14
Sector (Insurance) 13 of 13
Type (Add-on Acquisition) 6 of 6
State (New Jersey) 1 of 1
Country (United States) 7 of 7
Year (2015) 2 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Fireman's Fund Insurance Co., Inc.

Novato, California, United States

Fireman's Fund Insurance Company is a property and casualty insurance company, offers various personal and commercial insurance products.

Buy -