ACE $28.3 billion acquisition of Chubb

Overview:

• ACE has completed its $28.3 billion acquisition of Chubb.
• The deal has created the largest publicly traded property and casualty insurance company in the world.
• The new company will go by the name Chubb.
• The headquarters will be in ACE's Zurich, Switzerland location.
• Sullivan & Cromwell (Rodgin Cohen, Andrew Gerlach, Benjamin Weiner, Taylor Auten) advised ACE.
• Bär & Karrer (Rolf Watter, Urs Kagi) were ACE's Swiss counsel.
• Wachtell Lipton Rosen & Katz represented Chubb.
• Gibson Dunn & Crutcher (Eduardo Gallardo, Andrew Kaplan) represented Chubb financial adviser Guggenheim Securities.
• Sidley Austin (Aryeh Zarchan, Istvan Hajdu) advised underwriters JPMorgan Chase, Morgan Stanley, and Citigroup in a $5.3 billion notes issue by ACE to fund the acquisition.

Kurt Stumpo - Journalist - North America and the Caribbean