Deals
Greenberg’s Grab for Chubb Stokes Insurers’ Deal Fever: Real M&A
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Evan Greenberg just took dealmaking to the next level.
The chief executive officer of property-and-casualty insurer Ace Ltd. on Wednesday announced a $28 billion deal for rival Chubb Corp. It’s the biggest acquisition in the industry since the 2008 government bailout of American International Group Inc., the insurance giant formerly led by Greenberg’s father, Hank.