Law360, New York (January 25, 2016, 11:40 AM EST) -- Market consolidation dominated the insurance industry last year, and all signs suggest that this trend toward consolidation will continue. One of the largest mergers involves ACE Limited, which announced in July 2015 that it is acquiring The Chubb Corporation for $29.7 billion. The deal closed on Jan. 14, 2016. The merged corporation will use the Chubb name going forward.
Other mergers that occurred or were announced in the past year include:
Tokyo Marine Holdings acquired HCC Insurance Holdings XL acquired Catlin Fosun acquired Meadowbrook and the remaining portion of Ironshore Endurance Specialty Holdings acquired Montpelier Re Exor is acquiring Partner Re...
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