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We wanted to make all of our clients aware of a significant transaction in the insurance industry. Today, ACE Limited announced that they have agreed to acquire Chubb Insurance Group for roughly $28 billion. This transactions combines two strong industry leaders. The deal is expected to close in the first quarter of 2016. While any merger/acquisition will create changes, we do not anticipate any disruption for current policyholders of either ACE or Chubb. Our team at Safegard will work hard to make sure this transition remains smooth for all of our clients. The attached link provides more information on the acquisition.
http://www.cnbc.com/id/102789570
William C. Donato, Jr., CPCU
President and Chief Operating Officer