Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 26, 12:25 PM
This Slide: #33 of 100 |
Slide #33. Chubb — Healthy Paws
Acquirer:
Chubb (NYSE:CB)
Acquiree:
Healthy Paws
Details:
Chubb today announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc (NYSE: AON), a leading global professional services firm. The transaction positions Chubb to expand in a niche market with substantial growth potential. Financial terms of the deal, which is expected to close in the second quarter, were not disclosed.
Chubb, through its subsidiaries, is an insurance and reinsurance organization. Co. provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance. Co. provides commercial insurance products and service offerings such as risk management programs, loss control, and engineering and claims management, as well as insurance products ranging from Directors & Officers and professional liability to various specialty-casualty and umbrella and excess casualty lines. Co. also provides personal lines insurance coverage including homeowners, automobile, valuables, umbrella liability, and recreational marine products.
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Buy (2.75 out of 4) 15th percentile
(ranked lower than approx. 85% of all stocks covered)
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