Former Chubb insurance chief nabs condo at
Jade Signature in Sunny Isles Beach

Project began recording closings earlier this year

March 28, 2018 12:30 PM

Jade Signature and John Finnegan

UPDATED March 29, 11:50 a.m.: Former 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, was the chairman of the property and casualty insurer Chubb Corp. until it was acquired by ACE Limited in 2016 for $29.5 billion. 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.

Correction: A previous version of this story incorrectly noted Finnegan’s current status.

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