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Last $110.14 USD
Change Today -2.23 / -1.98%
Volume 1.6M
ACE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$111.52
Previous Close
$112.37
Day High
$111.71
Day Low
$109.76
52 Week High
12/8/14 - $117.89
52 Week Low
08/6/14 - $99.45
Market Cap
36.0B
Average Volume 10 Days
1.0M
EPS TTM
$9.80
Shares Outstanding
327.2M
EX-Date
03/27/15
P/E TM
11.2x
Dividend
$2.60
Dividend Yield
2.36%
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: $7.8M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.9M
Vice Chairman, Chief Operating Officer, Chair...
Total Annual Compensation: $3.2M
Vice Chairman and Chairman of Insurance - Nor...
Total Annual Compensation: $2.5M
Chief Risk Officer, Chief Actuary and Executi...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

ace ltd (ACE) Key Developments

ACE Group Expands Liability Coverage for Elder Care Facilities

ACE Group announced the introduction of four new medical liability coverage endorsements, specifically designed to provide more comprehensive protection to the expanding long term care healthcare sector. The new endorsements include: Media Event Expense; Disciplinary Proceeding Defense; Emergency Evacuation Expense; and Patient Property Damage coverages. These are available for skilled nursing facilities, assisted living facilities, independent living units, and continuing care retirement communities. Designed to supplement ACE’s current Long Term Care Facilities Professional and General Liability product offerings, the endorsements offer reimbursement for unplanned expenses that long term care entities may face if a harmful event occurs. Media Event Expense Coverage Endorsement: Provides reimbursement for expenses incurred by the insured as a result of a covered media event. The endorsement helps a facility mitigate the financial and reputational risk associated with negative media attention, or publicity resulting from an incident, claim, or investigation. Disciplinary Proceeding Defense Coverage Endorsement: Provides reimbursement for expenses incurred by an insured in the course of a disciplinary proceeding. The endorsement provides reimbursement for covered legal fees and expenses required to defend an insured provider if an investigation, proceeding, or other pending matter is instituted by a federal or state professional licensing board against the insured. Emergency Evacuation Expense Coverage Endorsement: Provides reimbursement for expenses incurred by the insured as a result of an emergency evacuation of the premises. The coverage endorsement helps to decrease the financial impact of an emergency situation that requires an evacuation of patients. Reimbursement is available for certain expenses incurred as a result of the evacuation, including the costs associated with the transportation and relocation of patients. And Patient Property Damage Coverage Endorsement: Provides reimbursement for property damage to patient’s personal property while the patient is being treated at the facility. The endorsement helps defray the cost of claims by patients for certain lost, stolen, or damaged articles. The aggregate limit of insurance for the various endorsements is separate from, and does not erode, the professional liability or general liability limits of insurance. Further, the limits are not subject to any policy deductibles.

ACE Group Announces Management Changes

ACE Group announced that Andrew Hurley has been named Senior Vice President of the Corporate Risk Segment for ACE USA. In this newly-created position, Mr. Hurley will have national responsibility for directing ACE’s distribution, service and underwriting initiatives targeted to its Corporate Risk segment, which caters to upper middle market companies. He will oversee a nationwide network of Corporate Risk professionals who will support brokers with specialty solutions from ACE’s broad insurance portfolio, from excess casualty to cyber to multinational travel and accident programs. Karen Sothern has been appointed as Regional Executive Officer for New York. In this role, Ms. Sothern will be responsible for setting and driving the overall strategic direction for the New York region, and overseeing regional production plans, distribution, product sales, marketing, and producer management. Mr. Hurley, who brings nearly 25 years of sales and underwriting industry experience, primarily in commercial lines, joined ACE in 2006, and most recently served as Regional Executive Officer for the New York market. Ms. Sothern most recently served as Chief Culture Officer for ACE Group. Prior to this, Ms. Sothern served as Regional Executive Officer of the Northeast region for ACE USA. Ms. Sothern will report to Mr. Alfieri in her new role.

ACE Limited Proposes Amendments to the Articles of Association

ACE Limited proposed amendments to the Articles of Association to implement new requirements under the Minder Ordinance regarding elections, related corporate governance and certain other matters and amendments to the Articles of Association to implement new requirements under the Minder Ordinance regarding the compensation of the Board of Directors and Executive Management and related matters at its AGM to be held on May 21, 2015.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 13.4x
Price/Sales 1.9x
Price/Book 1.2x
Price/Cash Flow 12.9x
TEV/Sales 1.4x
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