Jade Signature and John Finnegan

Chubb insurance chief John Finnegan plunked down $7.8 million for a condo at Fortune International Group’s recently completed Jade Signature in Sunny Isles Beach.

Property records show Finnegan bought unit 4701 at the 57-story, 192-unit condo tower at 16901 Collins Avenue.

Finnegan, who lives in Wyckoff, New Jersey, is the chairman of the property and casualty insurer Chubb Corp, whose parent Chubb Limited is publicly traded. The Warren, New Jersey-based company has $167 billion in assets, according to its website. Before joining Chubb in 2002, Finnegan was executive vice president of General Motors.

Jade Signature, designed by Herzog & de Meuron, began recording closings earlier this year. Fortune launched sales and construction of the oceanfront development in 2013 and the tower is now nearly sold out. It’s grand opening was held earlier this month.

Buyers include the CEO of UnitedHealth Group in Brazil and Brazilian soccer pro Douglas Costa. Remaining units include two-story sky villas and penthouses asking between $14.2 million to $32.9 million, plus units starting at $4.8 million.

The building also features a beachfront deck with two pools and cabanas; a fitness center, library, wine and reading lounges, and a full-service spa.


Source: http://feeds.feedburner.com/trdmiami

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