Chubb, the world’s largest publicly traded property and casualty insurance company, has been acquired by ACE who paid approximately $29.5 billion in the aggregate in cash and stock. ACE is adopting the Chubb name globally. Chubb maintains executive offices in Zurich, New York, and London, among others.
ACE Group (Chubb)
Overview
Ace Group acquired Zurich-based Chubb in June, 2015. Now Chubb and Ace Group operate as the same company, providing property and casualty insurance. They've logged one FinTech investment to date.
Country: Switzerland
Founded: 1985
Investment Strategy
Geography
- North America
Sector Focus
Investment Stage
- Series C
Summary
Investments
Date
Name
Size
Round
Co-Investors
Sector
Country
September 2015
CoverHound
$33.3m
Series C
American Family Ventures, Blumberg Capital, Core Innovation Capital, Route 66 Ventures, RRE Ventures
InsurTech
United States
Key Employees
Evan Greenberg
Chairman & Chief Executive Officer
John Keogh
Executive Vice Chairman & Chief Operating Officer
Timothy Boroughs
Executive Vice President And Chief Investment Officer
