Hartford Confirms Chubb Takeover Proposal, Board Reviewing Deal

USI acquires Texas agency

Hartford Financial Services Group Inc. said Chubb Ltd., the mammoth property-casualty insurer run by Evan Greenberg, made an unsolicited proposal to acquire the company. Hartford’s statement, released Thursday, confirms an earlier Bloomberg report about the approach. Hartford said its board is reviewing the deal with financial and legal advisers and didn’t disclose any terms of… Continue reading Hartford Confirms Chubb Takeover Proposal, Board Reviewing Deal