Hashtag: #ACE
ACE, Hiscox And Deloitte Provide Assistance
In the aftermath of Hurricanes Fay and Gonzalo, both the Bermuda Aquarium, Museum & Zoo and Trunk Island, like so many other locations across Bermuda, were in need of assistance from volunteers to help remove debris and prepare the sites for repairs. “A call then went out, and we at the Bermuda Zoological Society are grateful that volunteers... Read more of this article
ACE Gallery To Host “Dancing With Whales”
The ACE Gallery will be hosting ‘Dancing with Whales’, an exhibition of black and white photography by Andrew Stevenson. The opening reception will take place on Thursday [Sept 25] from 5.30pm to 7.30pm. A spokesperson said, “The underwater photographs were taken in March 2014 of two ‘dancing’ humpback whales as they engaged... Read more of this article
Fitch Affirms ACE Ltd’s Ratings, Outlook Stable
Fitch Ratings has affirmed the ratings of ACE Limited and its subsidiaries [ACE]. The Rating Outlook is Stable. The ratings agency said, “The ratings affirmation reflects ACE’s continued strong operating performance despite competitive market conditions, strong balance sheet position and financial flexibility with moderate leverage, and... Read more of this article
ACE Select 2014 Internship Closes Successfully
ACE Group’s second annual insurance focused internship program named ACE Select came to a successful close on August 8, 2014. The ACE Select Internship offers placement to six Bermudian university students, giving them the opportunity to experience various lines of insurance business. This 12-week program which commenced in June focused on providing... Read more of this article
ACE Scholarships: Deondre Trott & Eron Woods
The ACE Foundation–Bermuda has revealed this year’s Robert Clements/ACE Scholarship and ACE/Bermuda College Education Award recipients, with Deondre Trott and Eron Woods receiving scholarships, allowing them to pursue their post-secondary educations with a focus on continuing their academic excellence. Deondre Trott is the 2014 Robert Clements/ACE... Read more of this article
ACE Foundation Donates $1 Million To BHCT
Today [June 19], Bermuda Hospitals Charitable Trust [BHCT] announced that the ACE Foundation-Bermuda has fulfilled its $1 million pledge to the Why it Matters campaign in support of the KEMH Redevelopment Project. A spokesperson said, “The project’s overarching aim is to transform Bermuda’s hospital care delivery with the completion of the... Read more of this article
ACE Group Promotes Eight Employees
ACE Group announced the promotion of eight employees in its Bermuda–based operations. These promotions are effective immediately. Promotions within ACE Bermuda Insurance Ltd: Dwayne Hunt has been appointed Senior Vice President Property with responsibility for managing and developing ACE Bermuda’s Property insurance business for large multi-national... Read more of this article
A.M. Best Upgrades Most ACE Subsidiaries
A.M. Best has upgraded the financial strength rating (FSR) to A++ (Superior) from A+ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North American property/casualty subsidiaries of ACE Limited (ACE) (Zurich, Switzerland), ACE Bermuda Insurance Ltd. (ACE Bermuda), ACE Tempest Reinsurance Ltd. (ACE Tempest Re) (both domiciled... Read more of this article
ACE CEO: ‘Excellent 4th Quarter & Record Year’
ACE Limited reported net income for the quarter ended December 31, 2013, of $2.90 per share, compared with $2.22 per share for the same quarter last year. Operating income was $2.39 per share, compared with $1.43 per share for the same quarter last year. Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited, commented: “ACE had an... Read more of this article
ACE To Acquire Majority Stake In Thai Insurer
ACE Limited, which maintains offices in Bermuda, has reached a conditional agreement to purchase a 60.9% stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the Stock Exchange of Thailand, Bangkok-based Siam Commercial Samaggi Insurance is a major... Read more of this article
ACE Women’s Forum Holds CDD Celebration
The ACE Women’s Forum hosted a celebration for 17 participants of Bermuda’s first Community Driven Development Programme [CDD]. A luncheon and awards presentation held in the ACE Building was attended by Minister of Community, Culture, and Sports R. Wayne Scott, Permanent Secretary – Wayne Carey, Deborah Blakeney – Director of Human Affairs,... Read more of this article
ACE Limited Proposes 24% Dividend Increase
The Board of Directors of ACE Limited will recommend to shareholders a 24% increase in the company’s quarterly dollar-denominated dividend, from $0.51 per share to $0.63 per share, commencing with the quarterly dividend payments in January and March 2014. The proposal requires shareholder approval and the company will file a proxy statement with... Read more of this article
ACE Bermuda Launches New Liability Policy
ACE Bermuda has launched a new CODA Premier Directors and Officers Liability Policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial property and casualty insurance businesses in North America. Significant enhancements include limits reinstatement; longer claims reporting... Read more of this article
ACE Limited Declares $0.51 Quarterly Dividend
ACE Limited declared a quarterly dividend equal to $0.51 payable on October 21, 2013, to shareholders of record at the close of business on September 30, 2013, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars by the company’s transfer agent. The company’s par value is currently... Read more of this article
BFIS Thank ACE Bermuda For Continued Support
One of the founding members of the Bermuda Foundation For Insurance Studies, ACE Bermuda has continued to be a donor and supporter of BFIS since 1996. In thanking ACE Bermuda and the ACE Foundation for their constancy, Michael Fisher, BFIS Chairman said, “The solid support we have received from ACE over the past seventeen years cannot be counted in... Read more of this article
ACE Select Internship Completes First Year
The first annual ACE Select Internship came to a close this week after a successful 12-week programme that focused on leadership, teamwork, and professional skills development. ACE Bermuda’s dedicated insurance internship saw six Bermudian university students gain the foundational experiences they need to help them build successful careers in insurance. The... Read more of this article
