While the proposal and firm rejection did come as a surprise, John Iten, a director at S&P Global covering the domestic P&C insurance market, said in retrospect t the shock shouldn't have been as large given The Hartford's upper share level projections. (Credit: chase4concept/Shutterstock.com) While the proposal and firm rejection did come as a surprise, John Iten, a director at S&P Global covering the domestic P&C insurance market, said in retrospect the shock shouldn't have been as large given The Hartford's upper share level projections. (Credit: chase4concept/Shutterstock.com)

Less than a week after receiving it, The Hartford's board of directors unanimously rejected the unsolicited acquisition offer from Chubb Ltd. The deal was valued at $23 billion.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Commercial Lines
E&S/Specialty