M&A Deal Summary

Chubb Acquires Itaú Seguros S.A.

On July 7, 2014, Chubb acquired insurance company Itaú Seguros S.A. from Itaú Unibanco S.A. for 685M USD

Acquisition Highlights
  • This is Chubb’s 11th transaction in the Insurance sector.
  • This is Chubb’s 6th largest (disclosed) transaction.
  • This is Chubb’s 1st transaction in Brazil.

M&A Deal Summary

Date 2014-07-07
Target Itaú Seguros S.A.
Sector Insurance
Buyer(s) Chubb
Sellers(s) Itaú Unibanco S.A.
Deal Type Divestiture
Deal Value 685M USD

Target

Itaú Seguros S.A.

São Paulo,, Brazil
Itaú Seguros S.A. is a provider of insurance products and services to corporate and individuals.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Chubb

Zurich, Switzerland

Category Company
Founded 1985
Sector Insurance
Employees43,000
Revenue 56.2B USD (2024)
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 12 of 17
Sector: Insurance M&A 11 of 15
Type: Divestiture M&A Deals 6 of 10
Country: Brazil M&A 1 of 1
Year: 2014 M&A 2 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Samaggi Insurance Public Co.

Bangkok,, Thailand

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Fireman s Fund Insurance Co.

Novato, California, United States

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

Buy -

Seller(S) 1

SELLER

Itaú Unibanco S.A.

Sao Paulo,, Brazil

Category Company
Sector Financial Services
DESCRIPTION

Itaú Unibanco S.A. is a provider of banking services, including foreign exchange transactions.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1