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Ace

Reinsurance

"ACE board to recommend 4% dividend increase"

The Board of Directors of ACE said they would recommend to shareholders at the company’s 2013 AGM a four percent increase in the quarterly dividend. ACE said the proposal calls for a $2.04 annual dividend, payable in four instalments of $0.51 per qu...
Mar 04, 2013
Reinsurance

"Ace enters Lloyd’s energy market"

Property and casualty underwriter Ace Group has started underwriting energy risks through its Lloyd’s of London Syndicate 2488. The company says the initiative is part of an effort to expand its global portfolio and represents is commitment to boost...
Feb 11, 2013
Reinsurance

"Greenberg bullish on insurance rates"

NEW YORK (Bloomberg) — Evan Greenberg, the chief executive officer of Ace Ltd, said the company is poised to benefit as the insurer and its rivals charge more to clients for commercial coverage. “From what I see today, I am more bullish about the pri...
Jan 31, 2013
Reinsurance

"Ace full-year profits surge to $2.6b"

Global insurer Ace posted a 4.8 percent increase in net income for the fourth quarter, despite taking a near $400 million hit from Superstorm Sandy. But the company’s shares plunged more than four percent in after-hours trading in New York last night...
Jan 30, 2013
Reinsurance

"Greenberg calls for lawmakers to act as fiscal cliff nears"

OLDWICK, New Jersey (BestWire) - The top officer at Ace Ltd is calling for federal lawmakers to take immediate action to stem the tide of red ink flowing from Washington, including cutting spending and raising revenue. “There is no greater challenge...
Oct 26, 2012
Reinsurance

"ACE raises profit forecast despite higher crop insurance claims"

(Reuters) — Property and casualty insurer ACE Ltd raised its full-year operating profit outlook as lower catastrophe losses and growth in premium revenue helped offset higher claims at its US crop insurance segment for the second successive quarter. ...
Oct 24, 2012
Reinsurance

"Ace to acquire Mexican insurer for $865m"

Ace Ltd has announce it is acquiring Mexican personal lines insurer ABA Seguros from Ally Financial for approximately $865 million in cash. Ally Financial, an American auto lender which is 74 percent owned by the US government, announced plans in Ma...
Oct 19, 2012
Reinsurance

"Ace appoints graduate trainee Lewis as assistant underwriter"

Ace Bermuda has announced the appointment of Kimberly Lewis as assistant underwriter in the Professional Lines Division following her successful completion of the company’s Underwriting Graduate Trainee Programme. Following in her footsteps is Marco...
Sep 28, 2012
Reinsurance

"Ace Tempest Re promotes Bermudians"

Ace announced three appointments in its Ace Tempest Re Bermuda reinsurance unit, including two Bermudians. Ace Tempest Re, the global reinsurance business of the Ace group, promoted Wayne Ashley to Chief Underwriting Officer, International; Bermudia...
Sep 19, 2012
Reinsurance

"Ace shares rise 4.5% as Greenberg touts crop insurance prospects"

NEW YORK (Bloomberg) — Ace Ltd, the Swiss company with operations in more than 50 nations including Bermuda, advanced the most since November after touting long-term prospects of crop insurance amid the worst US Midwest drought in more than two decad...
Jul 26, 2012
Reinsurance

"Ace beats estimates and raises outlook"

Global insurer Ace last night reported quarterly operating profit that comfortably beat analysts’ expectations and raised its outlook for the year. Operating earnings of $743 million broke down to $2.17 per share, above the forecast of $1.92 per shar...
Jul 25, 2012
Other

"BHS, Bermuda College grads win ACE scholarships"

The ACE Foundation announced their 2012 scholarship winners yesterday to help fund two students’ university studies. Julia Dunne, a 17-year old Bermuda High School graduate, was selected from a field of almost 50 candidates for the Robert Clements/AC...
Jul 12, 2012
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