Benzinga | Mar 29, 2021 08:37AM EDT

Chubb Issues Response To The Hartford; Says 'Disappointed' Hartford Chose Not To engage In Combination Discussions But 'we remain a disciplined acquiror with an uncompromising focus on the fair value of any institution that we could acquire.'

Chubb Limited (NYSE:CB) today issued the following statement in response to the recent statement from The Hartford:

As demonstrated ?by our industry-leading returns and underwriting performance, we have created an unsurpassed franchise in the insurance industry and its most dynamic markets. We continue to have great confidence in our ability to capitalize on favorable commercial insurance market conditions. Our organization is totally focused, and we remain firmly committed to delivering significant value for our shareholders.

Although we were disappointed that The Hartford chose not to engage in discussions regarding a strategic business combination, our shareholders demand of us, and we demand of ourselves, that we remain a disciplined acquiror with an uncompromising focus on the fair value of any institution that we could acquire.