Chubb
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Lauren Gorte becomes chief operating officer of specialty A&H. -
Lyndsey Christofer is now an executive vice president and leads the carrier’s construction team.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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The CEO says opportunities to work from home remain, but that it is hard to build a corporate culture remotely.
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The next few years could prove to be more active in consolidation than normal for underwriters.
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Greenberg is presumably 50 steps ahead, and The Hartford’s response last week was likely not a surprise.
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The one-time suitor releases a statement after a report that Allianz is contemplating an offer of its own.
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The rejection was inevitable although the emphatic nature of it hints at a real determination to remain independent.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The target says its board is committed to its existing business plan following the unsolicited proposal.
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Chubb yesterday said the proposed transaction structure would be a mix of stock with the majority in cash.
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The Evan Greenberg-led carrier confirmed last night it had made an offer to buy its smaller peer.
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