January 19, 2016
ACE Limited Completes Chubb Acquisition
ACE Limited completed its acquisition of Chubb Corporation on January 14, 2016 and the new entity has adopted the Chubb name. If you are a Chubb policyholder, here is additional information on what this acquisition means to you:
- There are no changes to your policy, which remains in force.
- The Chubb Taft-Hartley multiemployer team of underwriters and claim adjusters will continue largely in place to provide continuity of service.
- We anticipate that underwriting (including renewals, new business and claim services) will move forward in a smooth and uninterrupted fashion.
- There is no action you need to take regarding your policy.
For more information, please see the "ACE and Chubb are now one" webpage and the official announcement.
Segal Select will continue to coordinate with Chubb to monitor renewals and new business to ensure all transactions move forward in a timely fashion.