According to Reuters, The Hartford Financial Services Group (HIG) approached by Chubb (CB)

POTENTIAL DEAL DETAILS

Property and casualty insurer Chubb Ltd (CB) is considering buying smaller rival Hartford Financial Services Group Inc. (HIG).

Update(s):

March 18, 2021: Chubb Limited (CB) presented The Hartford (HIG) with a proposal for a combination of our two companies that we believe would be strategically and financially compelling for both sets of shareholders and other constituencies.

March 28, 2021: Chubb Ltd.’s (CB) $23 billion takeover offer for Hartford Financial Services Group Inc. (HIG) has prompted Germany’s Allianz SE to study the feasibility of a counteroffer, according to people familiar with the matter.

March 29, 2021: Chubb Ltd.’s (CB)  disappointed The Hartford chose not to engage in discussions regarding a strategic business combination.

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