Orlando, Fla. – Lloyd’s of London Chairman Sax Riley says that you shouldn’t be in the insurance business unless you’re optimistic. Optimism, to say the least, has been in short supply in the last year or more in the industry. …
ACE Limited reported net operating income of $158 million for the quarter ended September 30, 2002 compared with a net operating loss of $390 million for the same quarter in 2001. It also announced a net loss for the quarter …
The 11th annual Bermuda Angle Conference is scheduled to be held at the South Hampton Princess Hotel in Hamilton beginning Saturday, October 12 until Tuesday, October 15. It opens with a reception hosted by ACE Ltd. and a dinner sponsored …
Brian Duperreault, CEO of Bermuda’s ACE Ltd., spoke out strongly against U.S. companies that relocate their domicile to the island to avoid taxes, indicating that accepting them could damage Bermuda’s reputation. According to a report from Reuters News Agency, ACE’s …
Brian Duperreault, Chairman and CEO of Bermuda-based ACE Limited, announced that he, and the company’s CFO Phil Bancroft, would voluntarily comply with new SEC Rules, which mandate that company officials certify their balance sheets, even though ACE is not technically …
Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the capital, Beijing, the first foreign company …
Bermuda’s ACE Ltd. announced that it has entered into a strategic business partnership with Huatai Insurance Company, China’s fourth largest property/casualty insurer, and “will acquire 22% of Huatai’s outstanding shares for total consideration of approximately $150 million.” The investment will …
Bermuda-based ACE Limited reported income excluding net realized gains (losses) of $216 million for the quarter ended March 31, 2002 compared with $164 million for the same period in 2001. “Earnings per share excluding net realized gains (losses) after deducting …
ACE Chairman and CEO Brian Duperreault announced that, effective immediately, Vice Chairman Evan Greenberg has been appointed to head the international operations of the ACE Group of Companies. Greenberg, the younger son of AIG’s CEO Maurice “Hank” Greenberg, joined ACE …
ACE Group Chairman and CEO Brian Duperreault announced that Paula Cox JP, MP has been appointed to the position of Corporate Counsel of ACE Limited, providing legal support to a variety of departments. “Ms. Cox will also be responsible for …
