Chubb
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The $65 per share bid looks like an opening salvo, with potentially another $10+ per share to come. -
The proposed consideration represents a mix of stock with the majority in cash.
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The carrier says its board of directors is "carefully considering" the proposal.
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The Hartford share price jumps 12% on report of deal talks with Chubb.
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The basketball team is seeking to recover costs from a policy it says provides $89.4mn in coverage.
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Blink will offer Chubb-backed consumer insurance products, with personal cyber the first to go live.
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Some sub-classes of the cyber market such as industrial manufacturing and retail wholesalers are seeing rate hikes of as much as 40%.
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Pure pricing data suggested the D&O market kept taking rate-on-rate in Q4, while the policy restructuring and retention data showed early signs of peaking.
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Michael Mollica takes over her previous responsibilities as NA private and non-profit management liability.
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The second week’s reporters continued to build upon the theme of rate momentum likely translating into ROE expansion.
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Chubb closed the year with near-double-digit top-line growth outpacing all its peers by a substantial margin.
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The insurer can now repurchase up to $2.5bn in shares during 2021.
