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ACE Acquires Chubb

July 1, 2015

This morning the newswires reported that ACE will acquire Chubb in a $28.3 billion cash and stock purchase.We are appointed with both insurers and have a great deal of respect for both companies and for their commitment to personal lines insurance. That said, this news is a surprise because ACE agreed to purchase the renewal rights to the Fireman’s Fund book of business in December 2014 and Chubb personal lines will be a massive consolidation on top of that. We will update you as we learn more. As independent agents our responsibility continues to be our insureds and we will work to ensure that they are properly represented during the period of transition.

 

Some of the Information that appears on this site is produced by Chartwell Insurance Services an independent insurance broker specializing in the personal asset protection of successful individuals. Other content is provided as a resource. The contents of all posts are informational only and Chartwell Insurance Services is not providing legal advice nor policy interpretation. If you have questions please direct them to a representative of Chartwell Insurance Services.