ACE Limited to acquire The Chubb Corporation
On July 1, 2015, ACE Limited (NYSE: ACE) and The Chubb Corporation (NYSE: CB) announced the entering into of a definitive agreement under which ACE will acquire Chubb. Together, ACE and Chubb will create a global leader in commercial and personal property and casualty (P&C) insurance, with enhanced growth and earning power and an exceptional balance of products as a result of greater diversification and a product mix with reduced exposure to the P&C industry pricing cycle.
Lenz & Staehelin is advising Chubb in this transaction as to matters of Swiss law. The team includes partners Hans-Jakob Diem (Corporate) and Pascal Hinny (Tax) as well as associates Andreas Hinsen (Corporate) and Stephan Brandner (Tax).