Fitch Ratings has upgraded its insurer financial strength rating of ACE Limited and its subsidiaries to ‘AA’ (Very strong). ACE’s senior debt and issuer default ratings were also raised. Read more.
ACE Limited reported net income of $2.77 per share for the first quarter of 2013, compared with $2.84 per share for the same quarter last year. Operating income was $2.17 per share, up from $2.05 per share last year. Read more.
ACE Risk Management—a division of ACE USA—was named a recipient of Business Insurance magazine’s 2013 Innovation Award for the ACE AcceleratorSM – a web-based technology solution for the administration of uninsured/underinsured motorist coverage. Read more.