M&A Deal Summary

Chubb Acquires Combined Insurance Company of America

On December 17, 2007, Chubb Ltd. acquired insurance company Combined Insurance Company of America Inc. from Aon plc for 2.4B USD

Acquisition Highlights
  • This is Chubb’s 2nd transaction in the Insurance sector.
  • This is Chubb’s 2nd largest (disclosed) transaction.
  • This is Chubb’s 2nd transaction in the United States.
  • This is Chubb’s 1st transaction in Illinois.

M&A Deal Summary

Date 2007-12-17
Target Combined Insurance Company of America Inc.
Sector Insurance
Buyer(s) Chubb Ltd.
Sellers(s) Aon plc
Deal Type Divestiture
Deal Value 2.4B USD

Target

Combined Insurance Company of America Inc.

Glenview,, Illinois, United States
website
Combined Insurance Company of America Inc., is a provider of supplemental insurance products in North America, Europe, and the Asia Pacific.

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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 2 of 14
Sector (Insurance) 2 of 13
Type (Divestiture) 2 of 7
State (Illinois) 1 of 1
Country (United States) 2 of 7
Year (2007) 1 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 R&Q Reinsurance Co.

30 South 17th Street, Pennsylvania, United States

R&Q Reinsurance Co. provides insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 The Atlantic Companies

New York City, New York, United States

The Atlantic Companies markets the Atlantic Master Plan (AMP) policy nationally through independent agents. The AMP policy includes coverage options for homeowners, automobile, umbrella liability and personal property insurance for affluent individuals and families.

Buy -

Seller(S) 1

SELLER

Aon plc

Dublin , Ireland

website


Category Company
Founded 1919
SectorInsurance
Employees50,000
Revenue 11.1B USD (2020)
DESCRIPTION
Aon's offices in downtown Sydney, Australia.
Aon's offices in downtown Sydney, Australia.

Aon is a provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. Aon serves clients through two segments, Risk Solutions and HR Solutions. Risk Solutions acts as an advisor and insurance and reinsurance broker, helping clients manage their risks via consultation, as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network. HR Solutions partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance by designing, implementing, communicating and administering a wide range of human capital, retirement, investment consulting, health care, compensation and talent management strategies. Aon was founded in 1919 and is based in Dublin, Ireland.


DEAL STATS #
Overall 5 of 18
Sector (Insurance) 4 of 6
Type (Divestiture) 5 of 18
State (Illinois) 2 of 5
Country (United States) 3 of 10
Year (2007) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-17 Sterling Life Insurance Co.

Bellingham,, Washington, United States

Sterling Life Insurance Company, is a provider of insurance plans for commercials and individuals.

Sell $352M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-08 Cosegur Re

Peru

Cosegur Re is an Peruvian reinsurance intermediary offering clients in Peru greater access to worldwide reinsurance markets .

Buy -