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Chubb Ltd. debuts on New York Stock Exchange

Chubb Ltd. debuts on New York Stock Exchange

The new Chubb Ltd. created by Ace Ltd.'s acquisition of Chubb Corp. has begun trading on the New York Stock Exchange.

Zurich-based Ace completed its acquisition of Warren, New Jersey-based Chubb on Thursday. In addition to trading on the NYSE under the symbol CB, the company unveiled a new logo

According to a statement released Thursday after completion of the transaction, which is valued at about $29.5 billion, the company said that it is now the world's largest publicly traded property/casualty insurer with market capitalization of $51.2 billion, annual gross written premiums of $37 billion and total assets worth about $150 billion.

The companies announced the deal on July 1 and received final regulatory approval on Wednesday.

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