Financial / Investor Information
ACE in the UK offers insurance through three entities: ACE European Group Limited; ACE Underwriting Agencies Limited (the Lloyd’s syndicate) and ACE Europe Life Limited (accident health and personal lines business promoted through direct marketing and affinity groups).
Financial statements
ACE European Group Limited (AEGL) is one of Europe’s leading commercial insurance and reinsurance players. With a gross written premium base of nearly £2.2 billion in 2011, AEGL provides a range of tailored property, casualty, accident, health and specialty personal lines insurance solutions for a diverse range of clients.
Download AEGL Annual Report 2011
Syndicate 2488, managed by ACE Underwriting Agencies Limited (AUAL) is one of the pre-eminent specialty insurers in Lloyd’s. With a gross written premium of just under £400 million in 2011 and a profit for the year of £13 million AUAL demonstrates its core principles of underwriting discipline and cost control.
Download AUAL Annual Report 2011
ACE Europe Life Limited (AELL) started writing business in 2007 and in 2011 generated gross premiums of £19 million from its operations in the UK, Spain, Nordic region and The Netherlands
Download AELL Annual Report 2011
Financial Strength
The ACE Group holds financial strength ratings of AA- (Very Strong) from Standard & Poor’s and A+ from A.M. Best on ACE's core operating insurance companies. Ratings on several major subsidiaries are also maintained. For ratings on individual ACE Group companies please refer to the ACE Group section of www.acegroup.com and choose an individual company.
ACE European Group Limited is rated AA- (Very Strong) by Standard & Poor's and A+ (Superior) by A.M. Best.
Syndicate 2488 benefits from financial strength ratings assigned to the Lloyd's market by the various rating agencies: A+ (Strong) from Standard & Poor’s, A (Excellent) from A.M. Best and A+ (Strong) from Fitch.
For further information on the Lloyd's ratings please visit www.lloyds.com.
For current ratings status, outlook and definitions please contact the relevant rating agency through the links listed below or contact ACE at investorrelations@acegroup.com.