March 21, 2021

Approach

Greenberg’s Chubb makes $23bn takeover approach to insurance rival Hartford

Chubb, the largest US non-life insurer by market capitalisation, has approached rival Hartford Financial Services Group with an unsolicited $23.2bn takeover offer, in what could be the first mega-deal in an industry battered by losses stemming from the coronavirus pandemic.

The company led by Evan Greenberg said it had offered $65 per share to buy Hartford, a 13 per cent premium on the Connecticut-based group’s closing share price on Wednesday before news of a potential approach emerged on Thursday. The offer was mostly cash and some stock, said Chubb, without providing exact details.

Hartford said its board of directors was

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Raising Money for a Nonprofit? Try a Personalized Approach

“Sometimes everything feels too polished,” Ms. Choy said. “If they can make their solicitation as human as possible, it would work better. It shouldn’t be about putting someone on a pedestal.”

As donors themselves, she and her husband, Bernhard Krieg, have experienced some of the same issues. Several of their problems had to do with the organization’s follow-up. At times, Ms. Choy said, the couple have not been thanked for their gift or have been thanked too much. In one instance, her husband had to call multiple times to get a tax document for a donation. And they have been

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