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Greenberg likens Chubb chat to school mixer, with alcohol

Ace Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served.

By Katherine Chiglinsky, Sonali Basak | Updated on July 22, 2015
Greenberg is seeking to convince investors that he can cut costs after agreeing to buy Warren, New Jersey-based Chubb for more than $28 billion in cash and stock. (Photo: Shutterstock)

(Bloomberg) — Ace Ltd. Chief Executive Officer Evan Greenberg, who agreed this month to buy Chubb Corp., said integration talks went well with management at the target company, at least after drinks were served.

A recent gathering of executives began like an event for teenagers in which boys and girls separated to opposite sides of the room, Greenberg said in a town hall meeting with Chubb staff, according to a transcript that was in a regulatory filing Wednesday.

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