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NEW YORK (TheStreet) -- Shares of The Chubb Corp. (CB) - Get Chubb Limited Report are declining by 2.35% to $108.41 late Friday morning, as the company completed its merger with Ace yesterday. 

"Based on the closing price of ACE stock on January 12, 2016 and the approximate number of Chubb shares outstanding, the total value is approximately $130.40 per Chubb share, or $29.7 billion in the aggregate," Chubb said in a statement.

Under the terms of the deal, Switzerland-based Ace begins trading under the stock symbol CB on the New York Stock Exchange today. Ace is a holding company engaged in insurance and reinsurance.

Warren, NJ-based Chubb is a holding company with subsidiaries primarily engaged in the property and casualty insurance business.

The combined company will be the biggest publicly traded property and casualty insurance business in the world with a market capitalization of $51.2 billion, yearly gross written premiums of $37 billion and total assets of roughly $150 billion, the Philadelphia Business Journal reports.

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Chubb shareholders will receive $62.93 per share in cash and 0.6019 shares of ACE stock, the company noted.

Separately, TheStreet Ratings Team has a "buy" rating on Chubb with a score of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that the team rates.  

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and notable return on equity. TheStreet Ratings believes the strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: CB

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.