Deals
Greenberg Vows Relentless Focus on `Long March' With Chubb
- Greenberg says it takes two years to get all the mop-up done
- Similarities between the companies are gratifying, CEO says
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Ace Ltd. Chief Executive Officer Evan Greenberg said it would be a mistake to start celebrating his agreement to buy Chubb Corp. for more than $28 billion, because the real test will be to integrate the insurers.
“That execution takes time and, you know, when you run the cycle, it takes you two years to get all of the mop-up done,” Greenberg told analysts in a conference call Wednesday. “You have to be relentless. You can’t lose your focus.”