S&P Affirms Ratings of ACE’s Core Companies; Raises Outlook to Positive
Standard & Poor’s has affirmed the AA- (Very Strong) financial strength rating of ACE’s core operating companies and raised their outlooks to Positive. Read more.
Fitch Upgrades ACE’s Financial Strength Rating to ‘AA’
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 Completes Acquisition of Mexican Personal Lines Insurer ABA Seguros
ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. Read more.
ACE Completes Acquisition of Mexican Surety Lines Company Fianzas Monterrey
ACE Limited (NYSE: ACE) has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. Read more.
ACE Risk Management Wins Business Insurance Magazine Award for Innovation
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.
ACE Lauded for Insurance Innovation by Best’s Review
The ACE WorldviewSM Web portal and ACE Private Risk Services Home Contents Valuation Service were among 10 services highlighted in Best’s Review magazine’s Innovation Showcase for their impact on the insurance industry. Read more.
Evan Greenberg Named Chairman of US-ASEAN Business Council
ACE Chairman and CEO Evan Greenberg has been named to a two-year term as Chairman of the US-ASEAN Business Council, which represents over 125 major U.S. corporations seeking to expand their businesses in Southeast Asian markets. Read the Council’s news release.
Evan Greenberg Discusses U.S. Fiscal Cliff, Debt Crises on CNBC
ACE Chairman and CEO Evan Greenberg appeared on CNBC on November 28 to discuss the U.S. “fiscal cliff” and debt crises. More.
ACE Acquires 80% of Asuransi Jaya Proteksi in Indonesia
ACE Limited has acquired 80% of PT Asuransi Jaya Proteksi, one of Indonesia’s top 10 general insurers and a leader in personal lines. Read more.
ACE Earns Top Award from Reactions Magazine for Third Consecutive Year
For the third straight year, ACE was named Reactions Magazine’s “Best Global Insurance Company” during its annual Global Awards event in New York on Sept. 19. Read more.
ACE to Acquire Mexican Surety Lines Company Fianzas Monterrey
ACE Limited has reached a definitive agreement to acquire Fianzas Monterrey, Mexico’s second-largest surety lines company and the third largest in Latin America, from New York Life Insurance Company for approximately $285 million in cash. Read more.
ACE’s Financial Strength Ratings Affirmed by All Major Rating Agencies
The four major rating agencies – Standard & Poor’s, A.M. Best, Moody’s and Fitch – have affirmed the financial strength ratings of ACE’s core operating insurance companies during the agencies’ 2012 annual rating review cycle. For a complete listing of ACE’s ratings, click here.
25 Expert Investment Picks to Retire On - CNNMoney, June 20, 2012
Susan Kempler, Managing Director, Equity Investments for TIAA-CREF selects ACE Limited as a solid retirement investment based on how ACE has made its acquisitions in Asia and Europe, its robust balance sheet, and its ability to use less debt than its peers, giving it room to lever up if it needs to spur growth. Read the article.
Evan Greenberg Featured in Leaders Magazine - Leaders, Volume 35, Number 3, 2012
An interview with ACE Limited Chairman and CEO Evan Greenberg is featured in the current issue of Leaders magazine, a forum for ideas from experts at the top of their fields in international business, government and other areas. Download the PDF or read the article online.
Evan Greenberg Comments on Passage and Signing of Free Trade Agreements
Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited, provided a statement regarding the passage and signing of the free trade agreements with Korea, Colombia and Panama. Read more.
ACE Moves Up on Newsweek Magazine’s 2011 Green Rankings List
ACE has once again advanced its position on Newsweek’s Green Ranking of America’s top 500 largest public companies. In the magazine’s third annual evaluation of environmental performance, ACE ranked 6th in the financial services sector and 56th overall, up from 64th position in the 2010 ranking. Read more.
Evan Greenberg Receives Award from BritishAmerican Business
ACE Limited Chairman and CEO Evan Greenberg was presented with the Entrepreneurial Award by BritishAmerican Business at its 2011 Transatlantic Business Awards event Oct. 13 in New York. Read more.
ACE Earns Top Awards from Reactions Magazine
ACE’s chief executive, Evan Greenberg, was named “2011 Insurance CEO of the Year” by Reactions Magazine during its Global Awards event in New York on Sept. 27. And for a second year in a row, ACE brought home the top award for insurance companies, earning the title of “Best Global Insurance Company.” Read the article.
Evan Greenberg Selected as “Insurance Leader of the Year”
St. John’s University’s School of Risk Management has selected ACE Chairman and CEO Evan Greenberg as the “2011 Insurance Leader of the Year.” The award will be presented at the school’s annual Insurance Leader of the Year Award Dinner on January 18, 2012, in New York. Read more.
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