M&A Deal Summary

Chubb Acquires ABA Seguros S.A. de C.V.

On May 2, 2013, Chubb acquired insurance company ABA Seguros S.A. de C.V. from Ally for 690M USD

Acquisition Highlights
  • This is Chubb’s 9th transaction in the Insurance sector.
  • This is Chubb’s 5th largest (disclosed) transaction.
  • This is Chubb’s 2nd transaction in Mexico.

M&A Deal Summary
Date 2013-05-02
Target ABA Seguros S.A. de C.V.
Sector Insurance
Buyer(s) Chubb
Sellers(s) Ally
Deal Type Divestiture
Deal Value 690M USD

Target

ABA Seguros S.A. de C.V.

San Pedro Garza Garcia, Mexico
ABA Seguros, S.A. de C.V provides insurance services for car, home and business.

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Buyer(S) 1

Buyer

Chubb

Zurich, Switzerland
Category Company
Founded 1985
Sector Insurance
Employees40,000
Revenue 49.8B USD (2023)
DESCRIPTION
Chubb's corporate headquarters in Zurich, Switzerland.
Chubb's corporate headquarters in Zurich, Switzerland.

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 10 of 15
Sector (Insurance) 9 of 13
Type (Divestiture) 5 of 8
Country (Mexico) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 ACE Fianzas Monterrey SA

Miguel Hidalgo, Mexico

Fianzas Monterrey was founded in 1943 and is Mexico's second-largest surety lines company, offering administrative performance bonds mainly to construction and industrial clients. It has 25 branch offices and distributes its products through nearly 600 independent agents and brokers.

Buy $293M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Samaggi Insurance Public

Bangkok,, Thailand

Samaggi Insurance Public Company Limited, is a major writer of auto, small commercial and personal accident insurance and distributes its products.

Buy -

Seller(S) 1

SELLER

Ally

Detroit, Michigan, United States
Category Company
Founded 1919
Sector Financial Services
Employees11,100
Revenue 9.1B USD (2023)
DESCRIPTION

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 1 of 1
Type (Divestiture) 2 of 2
Country (Mexico) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Masterlease Polska S.A.

Gdańsk, Poland

Masterlease Polska S.A. is a company involved in providing fleet management, leasing, and financing services to individuals, companies and institutions by leasing new and used vehicles.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-05 TradeKing Group

Charlotte, North Carolina, United States

TradeKing Group, Inc. is an online broker/dealer for self-directed investors looking for a powerful, modern trading platform at a simple, low price1. TradeKing Advisors is an SEC registered investment advisor, offers investors a range of affordable, professionally-managed portfolios through an automated and fully-transparent online process, while TKconnect, LLC aims to provide an extensive set of educational, informative and entertaining content and social collaboration channels.

Buy $275M
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