The modern iteration of Chubb was formed through a landmark corporate acquisition finalized in January 2016. ACE Limited, a prominent global insurer based in Zurich and Bermuda, acquired the original historic Chubb Corporation for approximately $29.5 billion. Following the completion of the merger, the combined global enterprise chose to adopt the prestigious Chubb name brand worldwide while retaining ACE's operational structure and trading under the symbol CB.
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