Chubb ‘Disappointed’ in Hartford’s Rejection of Merger Offer, Talks

March 29, 2021/in 2021 M&A, allianz hartford, Business Moves & Mergers, Chubb, Chubb CEO Evan Greenberg, chubb hartford, elyse greenspan, National News, takeover offer, Wells Fargo Securities /by wpmaddoxins

Global insurer Chubb Ltd. today issued a statement that it is “disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination.” However, the disappointed insurer said it will continue to seek opportunities for acquisitions. Chubb’s …

Allianz Privately Mulls Counteroffer for The Hartford After Chubb’s Offer

March 28, 2021/in Allianz, Allianz CEO Oliver Baete, Business Moves & Mergers, Chubb CEO Evan Greenberg, chubb hartford, Hartford Financial Services, International & Reinsurance News, National News, takeover offer, The Hartford /by wpmaddoxins

Chubb Ltd.’s $23 billion takeover offer for Hartford Financial Services Group Inc. has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the matter. Europe’s biggest insurer is discussing its options with potential …