ACE Limited News
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...
Wayland Appointed GC At ACE
Zurich-based ACE Limited announced Wednesday that Joseph Wayland, a former assistant attorney general, would become General Counsel for the global insurance organization. Effective July 8, 2013, ...
ACE Acquires Mexico’s Personal Lines Insurer ABA Seguros
ACE Limited said it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing ...ACE Establishes Special Purpose Vehicle, Altair Re
ACE Limited announced Monday that it has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital ...