Key Developments: ACE Ltd (ACE)

ACE on New York Consolidated

101.65USD
30 Jul 2014
Price Change (% chg)

$-1.03 (-1.00%)
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$102.68
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Latest Key Developments (Source: Significant Developments)

ACE Ltd Declares Quarterly Dividend
Thursday, 15 Aug 2013 09:01am EDT 

ACE Ltd declared a quarterly dividend equal to $0.51 payable on October 21, 2013, to shareholders of record at the close of business on September 30, 2013.  Full Article

ACE Ltd Raises FY 2013 EPS Guidance
Tuesday, 23 Jul 2013 04:06pm EDT 

ACE Ltd updated it's guidance for fiscal 2013 and expects after-tax operating income in the range of $7.65 to $8.05 per share. This includes estimated catastrophe losses of $260 million after tax for the second half of the year.  Full Article

ACE Ltd Approve 4% Increase In Quarterly Dividend
Thursday, 16 May 2013 12:25pm EDT 

ACE Ltd announced that its shareholders have approved all matters submitted to the ACE Limited 2013 Annual General Meeting, held at the Company`s offices in Zurich, Switzerland, including a 4% increase to the Company`s quarterly dividend to $2.04 annually ($0.51 per quarter) per share. Board of Directors declared that shareholders of record at the close of business on July 23, 2013, will be entitled to payment of the first of such installments, subject to a required filing with the Swiss Commercial Register. This dividend payment will be made in U.S. dollars on August 13, 2013, by the company`s transfer agent.  Full Article

ACE Ltd Issues FY 2013 EPS Guidance Below Analysts' Estimates
Monday, 22 Apr 2013 04:01pm EDT 

ACE Ltd announced that for fiscal 2013, it expects after-tax operating income in the range is $7.10 to $7.50 per share. This includes estimated catastrophe losses of $330 million after tax for the second through fourth quarters. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $7.85 for fiscal 2013.  Full Article

ACE Ltd Announces Pricing Of $950 Million Senior Notes Offering By Subsidiary
Wednesday, 6 Mar 2013 03:02pm EST 

ACE Ltd announced that its subsidiary, ACE INA Holdings Inc., has agreed to sell $475 million of 2.70% senior notes due March 2023, and $475 million of 4.15% senior notes due March 2043. The notes are guaranteed by ACE Limited. The net proceeds from the sale of the notes will be used to repay at maturity $500 million of the Company's 5.88% senior notes maturing in June 2014 and $450 million of its 5.60% senior notes maturing in May 2015. Pending such application, the Company may make the net proceeds available to its subsidiaries or invest them in marketable securities. The joint book-running managers for the offering are Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc. and Deutsche Bank Securities Inc.  Full Article

ACE Limited Declares First Quarter Dividend
Thursday, 28 Feb 2013 11:09am EST 

ACE Limited announced that it will recommend to shareholders at the Company`s 2013 Annual General Meeting a 4% increase in its quarterly dividend. The proposal calls for a $2.04 annual dividend, payable in four installments of $0.51 per quarter, compared to the current quarterly dividend amount of $0.49. The Board of Directors also declared a quarterly dividend equal to $0.49 payable on April 12, 2013, to shareholders of record at the close of business on March 28, 2013, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars (USD) by the Company`s transfer agent. The Company`s par value is currently 28.89 Swiss francs (CHF) per share, and in connection with this dividend installment, the par value per share will be reduced on the record date by the CHF equivalent of $0.49 based on the USD/CHF rate published on March 22, 2013. This will be the fourth of four par value reduction installments as approved by the Company`s shareholders on May 16, 2012.  Full Article

ACE Limited Issues FY 2013 EPS Guidance Below Analysts' Estimates
Tuesday, 29 Jan 2013 04:05pm EST 

ACE Limited announced that for fiscal 2013, it expects operating income to range between $6.60 and $7.00 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $7.89 for fiscal 2013.  Full Article

ACE Limited Narrows FY 2012 EPS Guidance To A Range Below Analysts' Estimates-Conference Call
Monday, 10 Dec 2012 09:00am EST 

ACE Limited announced that for fiscal 2012, it expects EPS in the range of $7.43 to $7.53 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $7.63 for fiscal 2012.  Full Article

ACE Limited Announces Accelerated Payment Date for Regular Quarterly Dividend
Friday, 7 Dec 2012 05:18pm EST 

ACE Limited announced that it approved a change in the payment date of its upcoming regular quarterly dividend. The dividend equal to $0.49 will be payable on December 28, 2012 (instead of January 7, 2013, as previously announced), to shareholders of record at the close of business on December 17, 2012 (as previously announced), subject to a required filing with the Swiss Commercial Register.  Full Article

ACE Limited Declares Quarterly Dividend
Thursday, 15 Nov 2012 10:44pm EST 

ACE Limited announced that it has declared a quarterly dividend equal to $0.49 payable on January 7, 2013, to shareholders of record at the close of business on December 17, 2012, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars (USD) by the Company‚Äôs transfer agent.  Full Article

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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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