M&A Deal Summary

Chubb Acquires ACE Jerneh Insurance Berhad

On December 1, 2010, Chubb acquired insurance company ACE Jerneh Insurance Berhad for 200M USD

Acquisition Highlights
  • This is Chubb’s 5th transaction in the Insurance sector.
  • This is Chubb’s 8th largest (disclosed) transaction.
  • This is Chubb’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2010-12-01
Target ACE Jerneh Insurance Berhad
Sector Insurance
Buyer(s) Chubb
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

ACE Jerneh Insurance Berhad

Malaysia
ACE Jerneh Insurance Berhad (Formerly Jerneh Insurance Berhad) a provider of comprehensive general insurance in Malaysia.

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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 5 of 15
Sector (Insurance) 5 of 13
Type (Add-on Acquisition) 3 of 6
Country (Malaysia) 1 of 1
Year (2010) 2 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-15 Rain and Hail

Johnston, Iowa, United States

Rain and Hail LLC provides crop insurance services.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-08 ACE Agribusiness

Wilkes-Barre, Pennsylvania, United States

ACE Agribusiness focused on property and casualty offerings that provide large commercial agricultural coverages (for manufacturers, processors and distributors) and farm and ranch property risk coverages. Company believe in delivering a focused approach to the rural marketplace and will continue to expand in this segment as company offer additional products to our agents and insureds.

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