Why Chubb Stock Just Popped
Will they or won't they? Insurers Chubb and AIG may merge.Chubb Limited (CB +3.82%) stock jumped 3.6% through 1:05 p.m. ET Thursday after insurance industry reporter Insurance Insider reported Chubb "has made an informal takeover approach" to rival insurer American International Group (AIG +2.64%). Choosing its words carefully, a Chubb spokesperson denied the company has made "an offer" to buy AIG. But that wasn't exactly the question asked... Wall Street weighs inSo is Chubb trying to buy AIG or isn't it? ...