On January 14, 2016, the Swiss insurance group Ace finalized the US Chubb purchase. The newly-created entity is called "Chubb Limited". The new name will come into force upon publication of the advertisement in the Swiss Commercial Registry. The change in the name of subsidiaries of both entities is based on the respective local laws. Chubb Limited is registered at the New York Stock Exchange under the "CB" abbreviation.
As a reminder, the total value of the transaction is 29.7 billion USD.
The written premiums of the new company Chubb Limited are estimated at 37 billion USD. Its market capitalization amounted to 51.2 billion USD for a total assets of 150 billion USD.
Chubb Limited which is present in 54 countries, has become the world leader in industrial risks. The company also is running for the number one spot in the United States for the personal lines damage insurance.