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ACE Appoints James Chiappa & Richard Voaden

ACE Appoints James Chiappa & Richard Voaden

ACE Group announced the appointment of James Chiappa and Richard Voaden as graduate trainees in its Bermuda-based insurance operations. The ACE Graduate Trainee Programme prepares students to transition into professional careers complete with business experience and insurance designations. James Chiappa is working as graduate trainee in ACE Bermuda’s... Read more of this article

ACE Bermuda International Expands Coverage

ACE Bermuda International Expands Coverage

ACE Bermuda International launched additional D&O liability insurance capability for multinational companies based outside of North America. “The new capability allows ACE to issue CODA Premier® policies directly through ACE’s Syndicate 2488 at Lloyd’s and offer directors and officers enhanced coverage options for the liabilities they... Read more of this article

Fitch Ratings Affirms ACE Limited’s Ratings

Fitch Ratings Affirms ACE Limited’s Ratings

Fitch Ratings has affirmed the ratings of ACE Limited and its subsidiaries, and 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 diverse... Read more of this article

ACE, Hiscox And Deloitte Provide Assistance

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”

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 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 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

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

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 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 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 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 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