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Ace Insurance Purchase Chubb Insurance
Ace to become Chubb in giant merger deal Zurich-based global insurer Ace has agreed to buy US-based Chubb Corporation for $US28.3 billion ($37 billion) in what is believed to be the largest-ever deal between two insurance companies. Ace shareholders will take 70% of the new company, which will operate under the Chubb name. Ace CEO […]