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Chubb To Raise $1.2B In New Capital

NU Online News Service, June 17, 4:23 p.m. EDT? The Chubb Corporation has begun a new capital-raising effort this week to raise $1.2 billion. The Warren, N.J.-based property-casualty insurer said it will have two separate offerings consisting of 13.5 million shares of stock and 16 million equity units with an amount of $25 per unit.

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