Ace to buy Chubb for $28.3bn
Ace shareholders will own 70% of the combined company, and Chubb shareholders will own 30% with the Chubb brand set to be kept.
Ace is set to buy insurer Chubb for $28.3bn (£18bn) in a deal which will see Ace shareholders taking a majority stake in the combined business.
Ace said in a statement that the deal, set to complete by the first quarter of 2016, will create a global leader in commercial and personal property and casualty insurance (P&C) and allow for enhanced growth and earning power.
It also the combined group will offer "an exceptional balance of products as a result of greater diversification and a product
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