M&A Deal Summary

Chubb Acquires Rain and Hail

On September 15, 2010, Chubb acquired insurance company Rain and Hail for 1.1B USD

Acquisition Highlights
  • This is Chubb’s 4th transaction in the Insurance sector.
  • This is Chubb’s 4th largest (disclosed) transaction.
  • This is Chubb’s 4th transaction in the United States.
  • This is Chubb’s 1st transaction in Iowa.

M&A Deal Summary
Date 2010-09-15
Target Rain and Hail
Sector Insurance
Buyer(s) Chubb
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Rain and Hail

Johnston, Iowa, United States
Rain and Hail LLC provides crop insurance services.

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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 4 of 15
Sector (Insurance) 4 of 13
Type (Add-on Acquisition) 2 of 6
State (Iowa) 1 of 1
Country (United States) 4 of 7
Year (2010) 1 of 2
Size (of disclosed) 4 of 10
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 ACE Jerneh Insurance Berhad

Malaysia

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

Buy $200M
Mergr

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