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US property and casualty insurer in US$28b bid for Chubb

Friday, July 3, 2015 - 05:50

New York

EVAN Greenberg just took dealmaking to the next level. The chief executive of property-and-casualty insurer Ace Ltd on Wednesday announced a US$28 billion deal for rival Chubb Corp. It's the biggest acquisition in the industry since the 2008 US government bailout of American

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