ACE Limited
 |
|
| Public | |
| Traded as | : CB S&P 500 Component |
| Industry | Insurance and Reinsurance |
| Founded | Hamilton, Bermuda (1985) |
| Headquarters | Zürich, Switzerland |
|
Area served
|
Worldwide |
|
Key people
|
Evan G. Greenberg (CEO, Chairman) |
| Products | Property and Casualty and Health Life insurance Reinsurance |
| Revenue |  US$ 19.138 billion (2015) |
|
US$ 3.296 billion (2015) |
|
|
US$ 2.834 billion (2015) |
|
| Total assets |
US$ 102.306 billion (2015) |
|
Number of employees
|
20,000 |
| Website | new |
Chubb Limited, incorporated in Zurich, Switzerland, is the parent company of the Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance. ACE operates in 54 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage.
In 2014, the group had $98.2 billion in assets, $23.4 billion of gross written premiums and approximately 21,000 employees. ACE trades on the and is a component of the S&P 500 index. Its core operating insurance companies are rated "AA" (Very Strong) for financial strength by Standard & Poor's and "A++" (Superior) by A. M. Best with stable outlooks from both agencies. Fitch rates ACE Limited and its subsidiaries "AA" (Very Strong) for financial strength, "AA-" for issuer default and "A+" for senior debt.Moody's rates the U.S. companies "A1" and the unsecured loan notes "A3".
On July 1, 2015, ACE announced that it will acquire Chubb Corporation for $28.3 billion in cash and stock.
ACE has committed that Chubb's current headquarters in Warren, New Jersey, USA, will have a substantial portion of the headquarters function for the combined company's North American Division. Importantly, the combined company will adopt the Chubb name.
ACE provides insurance and reinsurance products and services through several operating units.
ACE USA provides commercial property insurance and casualty (P&C), risk management and accident and health (A&H) coverages through retail brokers. ACE Agriculture offers crop, farm and agribusiness P&C coverages through agents and brokers. ACE Westchester offers commercial P&C excess and surpluslines through wholesale brokers. ACE Bermuda provides liability, property, political risk coveragesand captive programs through large international brokers. ACE Private Risk Services offers high-value personal lines coverages through independent agents and brokers. ACE Commercial Risk Services provides specialty small business coverages through agents and brokers.
ACE International provides commercial P&C, A&H, and traditional and specialty personal lines through retail brokers, agents and other channels in 51 countries outside North America. ACE Global Markets offers commercial P&C excess and surplus lines and A&H sold by wholesale brokers and through Lloyd’s. In North America, Combined Insurance, acquired by ACE in 2008, provides personal accident and supplemental health insurance through captive agents.
...
Wikipedia