March 23, 2021

Evan

Like Father, Like Son: Evan Greenberg Seeks Insurance Empire

Another Greenberg wants to turn an insurance-industry giant into a behemoth.

Evan Greenberg has already built Chubb Ltd. into the second-largest U.S.-listed insurer, with a market value almost double that of American International Group Inc. — the industry powerhouse his father, Maurice “Hank” Greenberg, ran for years. Now he’s looking to get even bigger.

Chubb’s proposed $23 billion acquisition of Hartford Financial Services Group Inc., announced Thursday, would expand the company’s reach into the small-business insurance industry and add a fund manager and employee-benefits operation. It comes roughly five years after Chubb combined with Ace Ltd. in what at the

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