Insurance Post

Ace completes Chubb deal predicting $650m savings by 2018

Bag of money

Ace has completed its acquisition of Chubb, adopting the Chubb name and commencing trading today (15 January) on the New York Stock Exchange under the symbol CB.

Ace paid approximately $29.5bn (£20.5bn) for Chubb in a deal announced in July 2015. The joint company has market capitalisation of $51.2bn, annual gross written premiums of $37bn and total assets of

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