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Fishman says Travelers opted against buying Chubb

Jay Fishman said hes open to more deals, yet decided not to buy Chubb, which agreed to be purchased by Ace.

By Sonali Basak, Selina Wang, Bloomberg, Katherine Chiglinsky | Updated on July 21, 2015
Travelers CEO Jay Fishman says Travelers decided against purchasing Chubb, but is still open to more deals.

(Bloomberg) — For Travelers Cos.’ dealmaking Chief Executive Officer Jay Fishman, sometimes it’s OK to let one get away.

Fishman said Tuesday that he opted against buying Chubb Corp., which agreed to be purchased by Ace Ltd. for more than $28 billion. The CEO, who built his company through mergers and acquisitions, said he’s still interested in takeovers.

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