Key Developments: ACE Ltd (ACE.N)

ACE.N on New York Stock Exchange

21 Aug 2014
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$0.92 (+0.88%)
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Latest Key Developments (Source: Significant Developments)

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

ACE Ltd completes acquisition of majority stake in Siam Commercial Samaggi Insurance PCL
Monday, 28 Apr 2014 08:30am EDT 

ACE Ltd:Company and its local partner have acquired a 60.9 pct stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank.ACE and its local Thai partner will make mandatory tender offer for remaining 39.1 pct of Siam Commercial Samaggi Insurance.Total transaction is valued at about $190 mln at current exchange rates.  Full Article

ACE Ltd establishes Global Property Engineering Unit
Tuesday, 8 Apr 2014 05:50pm EDT 

ACE Ltd:Establishes Global Property Engineering unit to provide seamless and consistent engineering risk management services to clients worldwide.  Full Article

ACE Ltd recommends 3 pct increase in quarterly dividend
Thursday, 27 Feb 2014 10:40am EST 

ACE Ltd:Declared a quarterly dividend equal to $0.63.Payable on April 17, to shareholders of record at the close of business on March 28.  Full Article

ACE Ltd establishes Construction Industry Practice Group in Asia Pacific
Thursday, 13 Feb 2014 02:34am EST 

ACE Ltd:Says creation of a Construction Industry Practice Group.Says to serve the expanding risk management needs of contractors and principals in the asia pacific region.Says new Construction Industry Practice Group will leverage ACE's global strengths in Construction, Project Cargo, Casualty, Surety, environmental and project professional indemnity to develop customized solutions to meet client's needs.Says serving all of Asia Pacific, the Construction Industry Practice Group is backed by ACE's financial strength, deep industry insight and capacity.  Full Article

ACE Ltd agrees to buy Siam Commercial Samaggi Insurance PCL for $185 mln-Reuters
Sunday, 12 Jan 2014 10:54pm EST 

ACE Ltd:Says it has agreed to buy a 60.9 pct stake in Siam Commercial Samaggi Insurance PCL for about $185 mln as foreign insurers step up their presence in underdeveloped Southeast Asian insurance markets-Reuters.  Full Article

ACE Ltd Recommends 24% Increase in Quarterly Dividend; Announces Authorization Of Share Repurchase Program
Thursday, 21 Nov 2013 11:44am EST 

ACE Ltd announced that it 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 the Securities and Exchange Commission that will be mailed to shareholders of record as of December 5, 2013. The Board also announced authorization of a share repurchase program up to $2 billion of the Company`s common stock through December 31, 2014, to replace the current authorization, which has $228 million remaining through December 31, 2013. The Company is targeting up to $1.5 billion of share repurchases between now and the end of 2014, to be made from time to time depending on market conditions as well as the Company`s view of risks and opportunities. The proposal to increase the dividend will be in addition to the existing dividend resolution as approved by the Company`s shareholders on May 16, 2013, and will apply to the next two quarterly dividend installments. An extraordinary general shareholder meeting to vote on the resolution will take place on January 10, 2014, at the Company's offices in Zurich. The Board also declared that the first of such installments shall be payable on January 31, 2014, to shareholders of record at the close of trading on the New York Stock Exchange on January 13, 2014.  Full Article


Former Bear Stearns chairman Greenberg dead at 86

NEW YORK - Alan "Ace" Greenberg, the former chairman and chief executive officer of Bear Stearns Cos Inc, died on Friday at the age of 86 after a bout with cancer.

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