Key Developments: ACE Ltd (ACE)

ACE on New York Consolidated

116.21USD
26 Dec 2014
Price Change (% chg)

$0.18 (+0.16%)
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Latest Key Developments (Source: Significant Developments)

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

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

Fitch Affirms ACE Russia at 'BBB'; Outlook Negative

(The following statement was released by the rating agency) LONDON/MOSCOW, December 19 (Fitch) Fitch Ratings has affirmed ACE Insurance Company CJSC's (Russia) (ACE Russia) Insurer Financial Strength (IFS) rating at 'BBB' with Negative Outlook. Fitch has also affirmed ACE Russia's National IFS rating at 'AAA(rus)' with Stable Outlook. KEY RATING DRIVERS The rating reflects Fitch's expectation that the parent company, ACE Group (ACE), a global insurance and reinsurance group, would be willin

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