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Last $111.49 USD
Change Today -0.72 / -0.64%
Volume 1.1M
ACE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$111.24
Previous Close
$112.21
Day High
$112.01
Day Low
$110.68
52 Week High
12/8/14 - $117.89
52 Week Low
04/8/14 - $97.55
Market Cap
36.5B
Average Volume 10 Days
1.6M
EPS TTM
$9.80
Shares Outstanding
327.3M
EX-Date
03/27/15
P/E TM
11.4x
Dividend
$2.60
Dividend Yield
2.33%
Current Stock Chart for ACE LTD (ACE)

ace ltd (ACE) Related Businessweek News

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ace ltd (ACE) Details

ACE Limited, through its subsidiaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance – North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk management services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages. Its Insurance – North American Agriculture segment provides comprehensive multiple peril crop insurance and crop-hail insurance; and farm and ranch coverages, as well as specialty P&C coverages for companies that manufacture, process, and distribute agriculture products. The company’s Insurance – Overseas General segment offers traditional commercial fire coverage, as well as energy industry-related, marine, construction, and other technical products; commercial primary and excess casualty, environmental, and general liability; and specialty coverages include D&O, professional indemnity, energy, aviation, political risk, and specialty personal lines products, as well as personal accident and supplemental medical products. Its Global Reinsurance segment markets reinsurance products; and provides solutions for small to mid-sized clients and multinational ceding companies, including licensed reinsurance capabilities, property and workers’ compensation catastrophe, loss-warranty, stop-loss cover, marine, and aviation programs. The company’s Life segment offers protection and savings products comprising whole life, endowment plans, individual term life, group term life, group medical, personal accident, credit life, universal life, and unit linked contracts. ACE Limited was founded in 1985 and is headquartered in Zurich, Switzerland.

21,000 Employees
Last Reported Date: 02/27/15
Founded in 1985

ace ltd (ACE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $7.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Vice Chairman, Chief Operating Officer, Chair...
Total Annual Compensation: $2.9M
Vice Chairman and Chairman of Insurance - Nor...
Total Annual Compensation: $2.2M
Chief Risk Officer, Chief Actuary and Executi...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

ace ltd (ACE) Key Developments

ACE Group Names Shankar Krishnan as New Head of Casualty Insurance Role for Eurasia and Africa, Effective from April 1, 2015

ACE Group announced the creation of a new underwriting management role for its Eurasia and Africa region and the promotion of Shankar Krishnan, currently Casualty Underwriting Manager for MENA, to the position. Shankar will be responsible for the performance and development of the company’s expanding portfolio of casualty business and the team of local casualty underwriters across the region’s nine markets in the Middle East, Turkey, Africa and Russia. Under his leadership, the team will continue to develop its product offering in line with evolving customer needs and will work with the company’s casualty teams in other regions to share insights and best practice for the benefit of customers. Shankar will continue to be based in Dubai, reporting to Giles Ward, Regional President, Eurasia and Africa at ACE with an additional reporting line to Mark Homan, Executive Vice President for Global Casualty, ACE Overseas General. The appointment is effective 1 April. Shankar has 20 years of insurance industry experience spanning both casualty and other lines. He joined ACE in May 2011 in his current role and has since overseen the successful development of the company's casualty book in MENA. Before joining ACE, Shankar served in progressively senior underwriting and management roles for AIG, latterly as Branch Manager in Dubai. Previously, he worked in Dubai and in India for a number of other insurance and broking organizations.

ACE Group Announces Creation of New Business Unit - ACE International Excess; Appoints Troy Sexton as Regional Head, ACE International Excess, Asia Pacific

ACE Group announced the creation of a new business unit - ACE International Excess (AIE) - to provide commercial property insurance on an excess basis targeting large companies in the Asia Pacific region. The new business unit will be modelled after ACE Bermuda International, company's existing high excess unit, and will provide coverage for exposures that are generally low in frequency and high in severity. The company will offer excess property insurance in addition to the region's existing capacity for its property book of business. The company's coverage highlights include: All-risk coverage on a follow form basis (Property Damage and Business Interruption); Natural catastrophe covers; Power Generation, On-shore Energy and Mining covers; and Engineering Insurances (Erection All Risk/Construction All Risk/Boiler & Machinery). Leveraging company's global network, innovation and depth of underwriting expertise, the new business unit will be backed by the financial strength of company's operations in the Asia Pacific region. Those operations include ACE Insurance Limited (Singapore). The company announced appointment of Troy Sexton as Regional Head, ACE International Excess, Asia Pacific and will be based in Singapore. With 18 years of experience in the corporate insurance industry, Mr. Sexton first joined ACE in 2002 as the company's New Zealand Property Manager. Between 2006 and 2009, he had a successful time with ACE European Group based in London - first as ACE Emerging Markets Property Manager and later as Continental Europe and Central & Eastern Europe Property Manager. Since 2009, Mr. Sexton has had the role of Strategic Property Manager, Asia Pacific. Mr. Sexton will report to Paul McNamee, Deputy Regional President and Regional Head of Property & Casualty.

ACE Group Appoints Susan McDonald as Regional General Counsel for Eurasia, Africa, Effective April 1, 2015

ACE Group announced the appointment of Susan McDonald to the role of Regional General Counsel for Eurasia and Africa. Currently Legal and Compliance Manager for MENA, in her new role Susan will be responsible for overseeing the legal and compliance functions of ACE's operations in Eurasia and Africa. She will provide guidance, advice and support on all legal and compliance issues to the business and will work with country Legal and Compliance officers to ensure that all local regulatory as well as ACE Group standards are adhered to. Susan will continue to be based in Dubai. She will report to Giles Ward, Regional President for Eurasia and Africa at ACE and to Kenneth Underhill, General Counsel for ACE in Europe, Eurasia and Africa. Her appointment is effective 1 April.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 13.3x
Price/Sales 1.9x
Price/Book 1.2x
Price/Cash Flow 12.9x
TEV/Sales 1.4x
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