ACE to Acquire Chubb
To our Valued Clients and Partners,
As you may or may not know, Chubb Group has agreed to be acquired by ACE Limited. ACE and Chubb are two complimentary companies with regards to insurance capabilities, assets and territorial reach.
Most important is the combined company will adopt the Chubb name, which is an indication of ACE’s respect for the Chubb brand.
For those of you who are not familiar, ACE is one of the world’s largest property and casualty insurers, with over $30 billion in capital and operations in 54 countries. ACE employs approximately 21,000 people worldwide including 10,000 employees in 170 offices in North America.
At this time, it is business as usual, and both Chubb and ACE will to continue to operate as two competing and separate companies. You’ll be pleased to know that our firm represents both ACE and Chubb.
We are excited about the pending transaction, but most importantly we remain committed to our highest level of care, service and responsiveness to our clients.
Please feel free to contact our office with any questions.