cents per share on ordinary shares.

The dividend is payable January 19, 1995 to shareholders of record at December 30, 1994, according to a release from the company.

ACE, through its wholly-owned insurance subsidiaries, is a provider of excess directors and officers liability, as well as high level excess liability insurance. ACE also offers satellite insurance for launch and in-orbit operations.

At September 30, 1994, ACE had about $1.1 billion in shareholders equity and about $2.6 billion in assets.