Global insurer Chubb has released a statement saying it is “disappointed” by The Hartford’s decision to reject its $23.24 billion acquisition offer. The Hartford’s board unanimously rejected Chubb’s takover bid last week on the basis that such a transaction “would not be in the best interests of the company and its shareholders.” Since then, reports… Continue reading Chubb “Disappointed” in Hartford’s Rejection
Tag: Chubb-Hartford takeover
Like Father, Like Son: Evan Greenberg Seeks Insurance Empire
Evan Greenberg has already built Chubb Ltd. into the second-largest U.S.-listed insurer, with a market value almost double that of American International Group Inc. — the industry powerhouse his father, Maurice “Hank” Greenberg, ran for years. Now he’s looking to get even bigger. Chubb’s proposed $23 billion acquisition of Hartford Financial Services Group Inc., announced… Continue reading Like Father, Like Son: Evan Greenberg Seeks Insurance Empire
Insurance Giant Chubb Offers to Buy Rival Hartford
Chubb Ltd., one of the nation’s biggest, oldest and best-known property-casualty insurers, has made a preliminary proposal to acquire Hartford Financial Services Group Inc., another storied name in the industry. The Connecticut-based Hartford said in a release Thursday afternoon that it “has received an unsolicited, non-binding proposal from Chubb” to acquire the 211-year-old company. Hartford… Continue reading Insurance Giant Chubb Offers to Buy Rival Hartford