HIG - Chubb CEO says acquisition appetite hasn't `diminished whatsoever' after aborted Hartford bid
Drew Angerer/Getty Images News Chubb (CB) CEO Evan Greenberg said he's still looking at potential acquisitions after walking away from a bid for Hartford Financial (HIG) earlier this year. "Our appetition has not diminished whatsoever for both organic growth and acquisitions that complement," Greenberg said in an interview on CNBC. "At the same time we're disciplined, money doesn't burn a hole in our pocket. When it's the right thing and it's priced to achieve good shareholder returns then we wouldn't hesitate to pull the trigger." In late April, Chubb said it "moved along" as far its attempted purchase of Hartford after the insurer turned down Chubb's $70/share proposal. Greenberg's comments also come after AON (AON) and Willis Towers Watson (WLTW) terminated their deal earlier this week after U.S. antitrust regulators sued to block the combination. Earlier, Chubb Q2 earnings beat on record core operating revenue, underwriting expansion. Hartford is scheduled
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Chubb CEO says acquisition appetite hasn't `diminished whatsoever' after aborted Hartford bid