Insights

July 17, 2015

Stop the Presses: ACE to Acquire Chubb

In Insurance

On July 1st, the insurance world experienced a major event. I woke at 4:00am for my pre-sunrise run and upon my return home was bombarded with the news: ACE acquires Chubb for $28.3 billion! I did quite a double-take, but much to my surprise, I saw that these two insurance companies had indeed joined forces.

Set to close in the first quarter of 2016, this acquisition means continued excellence on a more global scale. ACE, who brings an international platform to the mix, values Chubb’s reputation and market performance. A premier commercial insurer with a presence in 54 countries, ACE has a broad product, consumer, and distribution capability. Chubb brings its expertise and success to the ACE family with its excellence in homes, fine art, luxury yachts, and more. Well known for its financial strength, underwriting profitability, and tailored offerings for highly successful individuals and families, Chubb has been the gold standard of insurance carriers worldwide since 1882.

We are very happy to represent both ACE and Chubb and to have established a sterling record with both companies. In fact, our Coldstream Group Umbrella, an innovative product exclusive to Coldstream individuals and families, is written on ACE paper. Over the last nine months, we have been delighted to see the enrollment in this exceptional umbrella product surge. For more information about this exciting acquisition or the Coldstream Group Umbrella, please contact your Relationship Manager at Coldstream or reach out directly your insurance experts at FIT.

Brought to you by

 


 

Read full newsletter here:

Related Articles

July 13, 2022

How to Stay Safe During Summer Travel

On my regularly scheduled afternoon bike ride, it was abundantly clear that summer had arrived! The sun was shining bright, Lake Washington was filled with boats, kayaks, and paddleboards, and kids are out of school and playing outside. Summertime has always been synonymous with having fun. It’s a chance to take a break and spend [...]

Contributions from: Peter Beeson

July 11, 2022

4 Insurance Risks Everyone Should Be Aware Of

Property and casualty (P&C) insurance is a category that includes liability and property protection aimed to cover costs associated with unexpected loss, damage, or legal matters related to an accident. It’s common for people to have P&C policies that cover big-ticket items in their lives such as homes, automobiles, and other personal items of significant [...]

Contributions from: Peter Beeson

July 6, 2022

Should You Consider Long-Term Care Insurance?

For some people, it may be difficult to imagine a future in which you need help taking care of yourself.  Although the amount of care varies for each person, statistics tell us that 7 out of 10 people who reach the age of 65 will need long-term care at some point in their life.[1]  Statistics [...]

Vonie Bright
Contributions from: Vonie Bright, CFP®