Who Owns ACE Limited and Chubb in 2023

ACE Limited is owned by Chubb Limited, a multinational insurance company. Chubb Limited is a publicly traded company listed on the New York Stock Exchange (NYSE).

As of 2023, the largest shareholders of Chubb Limited include The Vanguard Group, Inc., BlackRock, Inc., and State Street Corporation.

The Vanguard Group, Inc. owns approximately 8.1% of Chubb Limited's outstanding shares.

The Chubb and ACE merger in 2016 was a significant event in the insurance industry. ACE Limited acquired The Chubb Corporation in a cash and stock deal, with Chubb shareholders receiving $62.93 per share in cash and 0.6019 shares of ACE stock.

The merger was completed on January 14, 2016, and the new company retained the Chubb name and ticker symbol CB. This was a fully taxable merger with cash, which means that the transaction is treated as a sale of Chubb for the value of the cash and stock received.

Here are the key details of the merger:

The merger created a global leader in commercial and personal property and casualty insurance, with a combined company that retained 70% ownership by ACE shareholders and 30% ownership by Chubb shareholders.

ACE Acquisition is a significant event in the history of ACE Limited and Chubb. On January 14, 2016, ACE Limited acquired Chubb in a cash and stock deal.

The acquisition was a fully taxable merger, with Chubb shareholders receiving $62.93 per share in cash and 0.6019 shares of ACE stock. This is a cash plus stock reorganization, which is a fully taxable merger with cash.

The total value of the deal was approximately $28.3 billion, with Chubb shareholders owning 30% of the combined company. ACE shareholders will own 70% of the combined company.

Here's a breakdown of the deal:

The combination of ACE and Chubb created a global leader in commercial and personal property and casualty (P&C) insurance, with enhanced growth and earning power. Together, they will have a stronger balance sheet and more resources to invest in people, technology, products, and distribution.