Mega deal would have been ‘financially and strategically compelling’ for both parties: Chubb
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Mega deal would have been ‘financially and strategically compelling’ for both parties: Chubb

Bernard Goyder
April 22, 2021
  • Show more sharing options
  • Print
  • X
  • LinkedIn
The City of Dreams, New York City's Skyline at Twilight
Image of the Manhattan skyline at sunset from an elevated angle. | GCShutter/Getty Images

Chubb has reiterated its disappointment about a series of takeover offers that were spurned by The Hartford, after fresh disclosure from the Connecticut company today revealed the Evan Greenberg-led insurer was willing to pay $25bn to buy the business.

“We have believed that a consolidation of our two organizations, on terms that recognized The Hartford's fair value, would be financially and strategically compelling for both sets of shareholders,” Chubb said.

It

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

M&A Commercial lines News Chubb The Hartford
BG
Bernard Goyder
Gift this article