Global multiline property and casualty insurer ACE Group has reported net income of $916m, of $2.66 per share for the third quarter of 2013, up by 43.1% compared to $640m, or $1.86 per share, during the same period last fiscal. ACE ...
Tags: property insurer, casualty insurer
ACE USA has appointed Teresa Black as the new senior vice president & CEO of ACE USA Surety, to lead the underwriting team and develop and cultivate new client and broker relationships. Reporting to Stephen Haney, division president, ACE ...
Tags: Teresa Black, insurance industry
ACE has received a license from the Tunisian Ministry of Finance to set up its reinsurance operation in the country, which is part of its continued strategy to boost business across Middle East and North Africa (MENA) region. The global ...
Tags: Insurance License
Global multiline property and casualty insurer ACE Group has named Geoff Russell as its new regional senior professional indemnity underwriter for UK and Ireland, to boost underwriting capabilities throughout its network of regional ...
Tags: multiline property, ACE
Global multiline property and casualty insurer the ACE Group has expanded critical catastrophe limits to $30m, throughout all its North American retail and wholesale broker-distributed commercial property lines of business. The company ...
Myanmar's Directorate of Investment and Company Administration (DICA) has granted a regulatory approval to The ACE Group for establishment of a representative office in the country. Scheduled to be opened in Yangon, the new office will ...
Tags: ACE Group, Investment
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
American General Life Insurance Company (AGLA) has expanded its Quality of Life…Insurance products portfolio with the addition of AGLAchoiceGuarantee Plus universal life insurance product. Designed to provide protection for a ...
Tags: Universal Life Insurance, AGLA
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
ACE Medical Risk Group has teamed up with Trust Risk Management Services (TRMS) to provide admitted professional and general liability policy, designed to offer insurance protection to individuals and small groups of allied healthcare ...
Tags: ACE Partners, Liability Coverage
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
ACE European Group has named John Napier as the new non-executive chairman of two of its key entities, ACE European Group and ACE Underwriting Agencies. The appointment of Napier, who previously has undertaken senior roles within UK and ...
Tags: ACE European Group, appointment
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
ACE Group, a multiline property and casualty insurer, has unveiled a new insurance plan covering global life science risks for organizations in continental Europe, designed to further build its casualty offering for businesses in the ...
Property and casualty insurer ACE has acquired Fianzas Monterrey in Mexico, a surety lines company, from New York Life Insurance for nearly $293m in cash. Originally inked in September 2012, the transaction was successfully completed ...