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ACE News

News on ACE continually updated from thousands of sources around the net.

5 hrs ago | Business Wire

ACE Insurance Receives Royal Decree to Establish Saudi Arabian Insurance Company

The ACE Group of Insurance and Reinsurance Companies has announced that, together with its Saudi Arabian partner organisation, the Elkhereiji Group, it has received a Royal Decree authorising the establishment ...

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Related Topix: Insurance

Wednesday | Business Wire

Public relations, press release distribution, investor relations, SEC filing

ACE Limited announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $450 million of 5.60% Senior Notes due May 2015. via Business Wire

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Related Topix: Publishing, Media, Insurance, Travel/Tourism, Securities and Exchange Commission, Corporate / Securities Law, Law

Monday May 12 | Earth Times

ACE Limited Announces Pricing of $450 Million Senior Note Offering by Subsidiary

ACE Limited announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $450 million of 5.60% Senior Notes due May 2015. via Earth Times

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Related Topix: Insurance, Investment Banking, Financial Services, York, NY, Brooklyn, NY, New York, NY

Monday May 12 | Philadelphia Business Journal

Ace Ina Holdings Inc.

Ace Ltd. said Monday that its subsidiary, Ace INA Holdings Inc., intends to sell $450 million of senior notes. via Philadelphia Business Journal

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Related Topix: Insurance

Thursday May 8 | SNL Financial

Duperreault outlines initial MMC plans

“We will seek ways to divest these businesses in ways consistent with enhancing shareholder value”

On the job for approximately three months, Marsh & McLennan Cos. Inc. CEO Brian Duperreault on May 7 discussed several of the conclusions he had reached and actions he has taken so far within the company's ... via SNL Financial

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Related Topix: Insurance, Marsh and Mclennan Companies, Kroll, Security

Tuesday May 6 | Insurance Journal West

Bermuda Q1 Earnings Recap: ACE, XL, Validus, RenRe, Endurance, Aspen, Montpelier Re

“The relatively low level of insured catastrophe losses offset a $53.7 million decrease in net premiums earned which was driven by lower gross premiums written and the impact of higher ceded premiums written.”

A number of Bermuda-based companies announced their first quarter results last week, which were generally lower than the same period of 2007. via Insurance Journal West

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Related Topix: Switzerland, World News, Insurance, Xl Capital

Sunday May 4 | MarketWatch

Ace quarterly net falls 46%; insurer lifts 2008 profit forecast

“The business climate has grown more difficult globally, including the broad economy and financial markets.”

Ace Ltd. reported a 46% drop in quarterly net income late Tuesday after the insurer suffered losses from the credit crunch. via MarketWatch

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Related Topix: Insurance

Friday May 2 | Business Insurance

ACE posts big drop in 1st-quarter net income

ACE Ltd., the largest Bermuda insurance company, said Tuesday net income fell 46% in the first quarter. via Business Insurance

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Related Topix: Insurance

Wednesday Apr 30 | Philadelphia Business Journal

Ace earnings off 46% in 1Q

“Net income, which was down, and book value growth, which was essentially flat, were negatively impacted by the unprecedented volatility experienced in the debt and equity markets during the quarter”

Insurer Ace Ltd. said late Tuesday its first-quarter earnings fell by 46 percent, citing a $353 million investment loss. via Philadelphia Business Journal

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Related Topix: Insurance

Monday Apr 28 | PR-inside.com

Ace Usa Launches Ace Risk Management Commercial Close Out

As a result, the benefit to the customer is the return of the associated collateral. via PR-inside.com

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Related Topix: Insurance

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