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On 1 July 2015, ACE announced that it would acquire Chubb Corporation for $28.3 billion in cash and ACE stock. Upon completion, ACE shareholders held 70% while Chubb shareholders got 30% of the new combined company.
Chubbs History In January 2016, ACE Limited acquired the Chubb Corporation, creating the worlds largest publicly traded property and casualty insurance company operating under the renowned Chubb name.
Effective immediately, ACE is adopting the Chubb name globally and the company will begin trading tomorrow on the New York Stock Exchange under the symbol CB. The company is also formally launching the new Chubb brand, including its visual identity and signature. The new Chubb brand stands for superior underwriting
ACE Limited Chubb Limited / Parent organization
We have over 1,200 people in 34 offices in 17 countries throughout Europe, including our regional headquarters in Paris.
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The company took its present form in 2016 when ACE Limited acquired the Chubb Corporation, creating a world leader in insurance. Now operating under the renowned Chubb name, both companies brought with them a rich history as leaders and innovators in the industry.
Chubb is the worlds largest publicly traded property and casualty insurer.
Chubb is one of the largest insurers in the U.S. and is No. 7 in our Best Homeowners Insurance Companies rating, with a score of 3.7 out of 5. In addition to its high financial rating (A++ from AM Best), Chubb offers coverages in its standard policies that are usually add-ons for other insurers in our rating.

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