(Bloomberg) — Evan Greenberg may never build something quite as massive as his old man did — but he's been trying.
Fifteen years after defecting from the insurance giant that was put together by his father, the legendary Maurice "Hank" Greenberg, the son is assembling a colossus of his own.
With a $28.3 billion deal for Chubb Corp. on Wednesday, the younger Greenberg, 60, is vaulting the position of his Ace Ltd. in the ranks of global insurers and gaining scale to compete against his father's old company. It's a remarkable turn of events for a family whose empire-building has torn through the insurance industry for decades.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
