Hashtag: #ACE
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
Moody’s Affirms Ratings Of ACE Group
Moody’s Investors Service has affirmed the A3 senior debt rating of ACE INA Holdings Inc. whose debt is unconditionally guaranteed by the group parent company ACE Limited. The insurance financial strength [IFS] ratings of ACE’s principal Bermuda-based operating subsidiaries — ACE Bermuda Insurance Ltd. and ACE Tempest Reinsurance Ltd... Read more of this article
Fitch Affirms ACE After Bermuda Downgrade
Fitch Ratings today [June 10] affirmed the ratings of ACE Limited and its subsidiaries following Fitch’s downgrade of Bermuda on June 7th. A statement from the ratings agency said, “ACE’s ‘AA’ IFS ratings are now one notch above the sovereign long-term foreign currency and local currency IDR. According to Fitch’s... Read more of this article
University Students Start New Internship At ACE
Six Bermudian university students today [June 4] commence a dedicated insurance internship with ACE Bermuda. The internship, named ACE Select, has been created to offer students who are keen to pursue a career in insurance with a solid foundation in the industry together with on-the-job work experience. “I am delighted to welcome the first ACE Select... Read more of this article
Credit Suisse: Reinsurance Earning Estimates
Following discussions with nine reinsurers in Bermuda earlier this week, analysts at Credit Suisse find no reason to believe the growth trajectory of insurance-linked-securities reinsurance structures and the subsequent pressure it puts on pricing will dissipate for the foreseeable future. In a research not issued to investors on Friday, Credit Suisse... Read more of this article
