ACE Limited - proposed acquisition of Combined Insurance Company of America
Type of assessment
Informal Review
Reference
31030
Acquirer(s)
ACE Limited
Target(s)
Combined Insurance Company of America
Industry
Insurance
Summary
ACE Limited proposes to acquire Combined Insurance Company of America.
Outcome of assessment
Not opposed
Total review days *
20
Commenced public review
31st January 2008
Date completed
27th February 2008
Market definition
The ACCC did not form a defnitive view in relation to market definition. However, the ACCC considered that the transaction would be unlikely to result in a substantial lessening of competition regardless of the way the market was defined.
Competition analysis
The ACCC considered that the transaction was unlikely to result in a substantial lessening of competition, primarily due to the presence of a large number of other competitors.
Review timeline
Date
Event
31st January 2008
ACCC commenced review under the Merger Review Process Guidelines.
22nd February 2008
Closing date for submissions from interested parties.
27th February 2008
ACCC announced it would not oppose the proposed acquisition.
* Total Review days = Total business days less public holidays and time during which the review was suspended.
