ACE Limited News
P/C Insurers Blocking Their Own Roads to Innovation
Property/casualty insurers face a number of external obstacles on the road to delivering more innovative products and reimagining their operations, but the ones that really get in the way come from ...
Navigating Insurance Ratings: Fitch Unveils New Visualization Tool
Market position, capitalization, reserve adequacy and catastrophe risk management are among the factors that rating agency analysts consider when developing insurance financial strength (IFS) ratings ...
International Capital Standards: A Risk Management Mirage
The financial crisis spurred a wave of new regulatory proposals at the state, federal and international levels. Many of the new ideas in insurance supervision offer extremely promising ways to foster ...
ACE, BlackRock Want Up to $1.3B For New Bermuda Reinsurance Venture
BlackRock Inc., the world's largest money manager, and Evan Greenberg's ACE Ltd. are forming a reinsurance venture that is seeking to raise $800 million to $1.3 billion. The business is named ABR ...
Rate Hikes Barely Keeping Up With Loss Costs: ACE CEO
After reporting a third-quarter combined ratio nearly 14 points below breakeven, and just about equal to the figure reported in last year's third quarter, the leader of ACE Limited predicted that ...
ACE CEO Greenberg Gushes About Emerging Market Potential
ACE Ltd. generated mostly robust 2014 second-quarter results. Chairman and CEO Evan Greenberg acknowledged as much during the company's investor call on July 23. But he spend a lot of time on ...
ACE Buying Itaú Seguros for $685M to Become Top P/C Insurer in Brazil
ACE Limited announced Friday that it will acquire the large corporate property/casualty business of Itaú Seguros, S.A. from Itaú Unibanco S.A. for roughly $685 million—a deal that will make ACE ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...