Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is the ninth largest commercial auto insurer with over $966 million in premiums written in 2019.
According to a Chubb press release, “On March 11, Chubb Limited presented The Hartford with a proposal for a combination of our two companies that we believe would be
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