The ACE Group of Companies announced that, as part of its five-year commitment to aid the families of victims of the September 11 tragedy in the United States, ACE will be donating $500,000 each to World Vision and The Coalition …
Bermuda’s ACE Limited announced plans to spin-off several subsidiaries of its financial guaranty business, including ACE Guaranty Corp. and ACE Capital Re International Ltd., through an initial public share offering. The new holding company; which will also be based in …
Corporate governance, the future of asbestos legislation, and building capital strength will be among the topics discussed this month at the 2003 annual Property/Casualty Executive Conference, as announced by conference co-sponsors Standard & Poor’s Ratings Services and PricewaterhouseCoopers. The conference, …
Bermuda’s ACE Limited reported a very good third quarter, with net operating income, which excludes gains/losses on investments, rising 105 percent to a record $304 million, or $1.04 per share, compared with $148 million or $0.53 per share for the …
Hurricane Fabian, a monster of a storm, packing winds of 120 mph (192 kph), slammed full force into Bermuda on Friday night, uprooting trees, downing power lines and causing extensive structural damage. Four people were reported missing, as authorities began …
The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, last month, differs from other big insurance gatherings. It brings together CEO’s, top managers, academics and executives from the big four accounting firms, to discuss the …
Hamilton, Bermuda-based ACE Limited reported the results of operations for the quarter ended June 30, 2003. Highlights for the quarter are as follows: Net income for the quarter was $371 million compared with net income of $104 million for the …
The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, concluded yesterday with a gala dinner at the United Nations. Attendees heard CEO’s and top managers from the four corners of the world express their views …
The 39th annual seminar of the International Insurance Society (IIS), hosted by the Insurance Information Institute, is scheduled to be held July 13-16, at the Waldorf-Astoria in New York. Among the issues to be discussed by many of the world’s …
In what it termed a “realignment of senior executive responsibilities,” Bermuda’s ACE Limited announced that its Board of Directors has elected Evan Greenberg to the position of President and Chief Operating Officer, effective immediately. He will continue to head ACE …
