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P&C stocks on the move after Chubb sale

Jul. 01, 2015 9:39 AM ETChubb Limited (CB) StockPGR, ALL, CB, HIG, WRB, CINF, TRV, ACICBy: Stephen Alpher, SA News Editor
  • ACE's (ACE +7.7%) purchase of Chubb (CB +34.8%) for $28.3B in stock and cash has the property & casualty names higher in early action.
  • Travelers (TRV +3.9%), Allstate (ALL +2.4%), Cincinnati Financial (CINF +2.2%), W.R. Berkley (WRB +3.1%), Progressive (PGR +2.3%), United Insurance (UIHC +2.2%), Hartford FInancial (HIG +3.3%).
  • Previously: ACE buying Chubb in cash and stock deal for $28.3B (July 1)

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