Ace Completed the Purchase of Combined Insurance from Aon

Ace Ltd. announced Tuesday that it has completed its acquisition of all outstanding shares of Combined Insurance Co. America and subsidiaries from Aon Corp. for $2.56 billion in cash.In accordance with the purchase agreement, the purchase price reflects on a dollar-for-dollar basis an increase to Combined’s net worth that occurred between the signing and the closing of the transaction, Ace said in a press release. “We are delighted to close this important transaction ahead of schedule," said Ace Chairman/Chief Executive Officer Evan Greeenberg. "Ace and Combined teams have been wor...