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Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news. Digital Be informed with the essential news and opinion. Chubb traces its roots to when Thomas Caldecot Chubb and his son Percy opened their marine underwriting business in New York City. Skip Navigation. A spokesperson for Zurich declined to comment.
The property-casualty insurance sector has been an active area for mergers and acquisitions in recent years. Allstate Corp. Hartford would help Chubb expand further in sectors including auto and home, as well as small-business insurance and employee benefits.
The company is a much more streamlined version of the business that took a bailout in the financial crisis. The insurer drastically reduced its exposure to annuities, a product that hit the operations hard during the credit crisis, through a series of sales of a business later called Talcott Resolution Life Insurance Co. Best Co.
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