(Corrects to take away reference to $21 billion deal worth in headline and paragraph 1)

March 18 (Reuters) – Property and casualty insurer Chubb Ltd is contemplating shopping for smaller rival Hartford Financial Services Group Inc, CNBC reported on Thursday, citing Bloomberg News.

Chubb, one of many world’s largest insurers, has made a preliminary takeover method for Hartford, in accordance to the report.

Chubb and Hartford didn’t instantly reply to a Reuters request for remark. (Reporting by Niket Nishant in Bengaluru)

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