Key Developments: ACE Ltd (ACE.N)

ACE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ACE Ltd announces pricing of $800 million senior notes offering by subsidiary
Monday, 9 Mar 2015 04:15pm EDT 

ACE Ltd:Says its subsidiary, ACE INA Holdings Inc., has agreed to sell $800 mln of 3.15 pct senior notes due March 2025.Notes are guaranteed by ACE Limited.Net proceeds from the sale of the notes plus available cash will be used to repay at maturity $500 mln of the company's 5.70 pct senior notes maturing in Feb. 2017 and $300 mln of the company's 5.80 pct notes maturing in March 2018.Pending such application, the company may make the net proceeds available to its subsidiaries or invest them in marketable securities.Joint book-running managers for the offering are Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC.  Full Article

ACE Ltd declares first quarter 2015 dividend
Thursday, 26 Feb 2015 11:04am EST 

ACE Ltd:Declares a quarterly dividend equal to $0.65 per share.Payable on April 21, to shareholders of record at the close of business on March 31.  Full Article

ACE Ltd to acquire insurance business from Allianz
Thursday, 18 Dec 2014 08:00am EST 

ACE Ltd:Signed a definitive agreement to acquire the Fireman's Fund high net worth personal lines insurance business in the United States from Allianz for $365 million.  Full Article

ACE Ltd declares quarterly dividend, authorizes $1.5 bln share repurchase in 2015
Monday, 24 Nov 2014 08:24am EST 

ACE Ltd:Says Board declared a quarterly dividend equal to $0.65 payable on Jan. 5, 2015, to shareholders of record at the close of business on Dec. 17.Says board has authorized of a share repurchase of $1.5 bln for calendar year 2015 to replace the current authorization when it expires Dec. 31, 2014.  Full Article

ACE receives all regulatory approvals needed to close acquisition of large corporate P&C Insurance Business of Itaú Seguros
Tuesday, 21 Oct 2014 08:45am EDT 

ACE Ltd:Receives all regulatory approvals needed for closing its acquisition of the large corporate property and casualty (P&C) business of Itaú Seguros, S.A. from Itaú Unibanco S.A.Acquisition valued at about $630 mln at current exchange rates, is now expected to close on Oct. 31.Transaction is expected to be accretive to earnings immediately.  Full Article

ACE Ltd creates new distribution and client management unit in Asia Pacific
Wednesday, 15 Oct 2014 06:00am EDT 

ACE Ltd:Says creation of new unit to focus solely on execution of distribution strategies across Asia Pacific region.Enabling high-level and efficient conduit between ACE and its distribution partners throughout vast territory stretching from South Korea to Australia and New Zealand.Says this unit will focus on maximizing ACE's product offering including portfolio-based solutions, facilities, joint product design and execution initiatives with key brokers in region.Additionally, unit will serve unique needs of ACE's large clients domiciled in Asia Pacific with ultimate mission to ensure efficient trading across all commercial lines of business.  Full Article

ACE Ltd declares quarterly dividend
Thursday, 14 Aug 2014 09:20am EDT 

ACE Ltd:Declares quarterly dividend equal to $0.65 payable on Oct. 21, to shareholders of record at the close of business on Sept. 30.  Full Article

ACE Ltd to acquire large corporate P&C Insurance Business of Itaú Seguros
Friday, 4 Jul 2014 09:01am EDT 

ACE Ltd:To acquire large corporate property and casualty (P&C) business of Itaú Seguros, S.A. from Itaú Unibanco S.A.Says for about $685 mln.Upon completion of the transaction, ACE, which has a longstanding presence in Brazil, will be commercial P&C insurer in Latin America.  Full Article

ACE Ltd announces the results of its tender offer for Siam Commercial Samaggi Insurance in Thailand
Tuesday, 24 Jun 2014 07:23am EDT 

ACE Ltd:Says that company and its local partner have acquired, through mandatory tender offer, an additional 32.17 pct in The Siam Commercial Samaggi Insurance PCL (SCSMG), general insurance company in Thailand.ACE and its local partner own 93.03 pct in SCSMG including 60.86 pct stake acquired from The Siam Commercial Bank PCL on April 28, 2014.  Full Article

ACE Ltd launches environmental liability insurance cover for UK SMEs
Wednesday, 7 May 2014 03:00am EDT 

ACE Ltd:Launches environmental liability insurance cover for UK SMEs as it continues to build its portfolio of products available via ACE Online, its online trading platform.Specifically designed to fill extensive coverage gaps in traditional property and casualty policies, ACE`s environmental cover responds to both pollution and biodiversity damage claims arising out of the EU Environmental Liability Directive.By using ACE`s online platform, ACE Online, brokers will be able to quote, bind and renew their environmental risk cover.  Full Article

MOVES- Credit Suisse, Ace, Erste Asset Management

March 13 - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.

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