Last €101.94 EUR
Change Today -0.225 / -0.22%
Volume 0.0
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As of 3:29 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (AEX) Snapshot

Open
€101.35
Previous Close
€102.17
Day High
€102.11
Day Low
€101.03
52 Week High
02/27/15 - €102.45
52 Week Low
03/12/14 - €69.33
Market Cap
33.4B
Average Volume 10 Days
21.5
EPS TTM
--
Shares Outstanding
327.3M
EX-Date
03/27/15
P/E TM
--
Dividend
€2.60
Dividend Yield
1.93%
Current Stock Chart for ACE LTD (AEX)

ace ltd (AEX) Related Businessweek News

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ace ltd (AEX) Details

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates through five segments: Insurance – North American P&C, Insurance – North American Agriculture, Insurance – Overseas General, Global Reinsurance, and Life. The Insurance – North American P&C segment offers risk management programs, specialty commercial property and casualty (P&C), accident and health, homeowners, automobile, liability, valuables, and marine coverages; and excess and surplus property, directors and officers (D&O), professional liability, inland marine, specialty casualty, environmental, and political risk products. The 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 Insurance – Overseas General segment offers traditional and specialty P&C products, including D&O, professional liability, specialty personal lines, and energy products; and specialty products, such as aviation, marine, financial lines, energy, and political risk, as well as personal accident and supplemental medical products. The Global Reinsurance segment markets reinsurance products under the ACE Tempest Re name; 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 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. The company was founded in 1985 and is headquartered in Zurich, Switzerland.

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

ace ltd (AEX) 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 (AEX) Key Developments

ACE Limited Recommends Annual Dividend; Declares First Quarter 2015 Dividend, Payable on April 21, 2015

The Board of Directors of ACE Limited announced that it will recommend for shareholder approval an increase in the company's annual dividend for the twenty-second consecutive year. The proposal for the 2015 Annual General Meeting calls for a $0.08 increase in ACE's annual dividend to $2.68 per share, to be paid in quarterly installments of $0.67 per share, compared to the current quarterly dividend amount of $0.65 per share. With the 2015 increase, the company's dividend will have more than doubled in the past five years. The Board of Directors also declared a quarterly dividend equal to $0.65 per share payable on April 21, 2015, to shareholders of record at the close of business on March 31, 2015, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars (USD) by the company's transfer agent. The company's par value is currently 24.77 Swiss francs (CHF) per share and, in connection with this dividend installment, the par value per share will be reduced on the record date by the CHF equivalent of $0.65 based on the USD/CHF rate published on March 24, 2015. This will be the fourth of four par value reduction installments as approved by the company's shareholders on May 15, 2014.

ACE Group Announces Executive Appointments

ACE Group announced two new executive appointments in its Professional Lines division in North America: Scott A. Meyer has been appointed Division President, North America Professional Lines, and will have responsibility for managing ACE's Professional and Management Liability products and services across all of the company's North American franchises. Keith M. Lavigne, Executive Vice President, Professional Risk, U.S., will oversee the private/not-for-profit management liability suite of products in North America in this newly-created role. He will work across a broad spectrum of clients and distribution sources to ensure consistent delivery of products and services. Mr. Meyer’s responsibilities will encompass a broad array of management liability and professional liability products, including ACE’s market-leading primary and excess Directors’ and Officers’ liability insurance for public, private, not-for-profit and financial institutions, as well as Errors and Omissions and privacy/network security products throughout the U.S., Canada and Bermuda. In his expanded capacity as North American professional lines product leader, Mr. Meyer will report to Mr. Lupica; in his role as head of the company’s retail professional lines operations, he will continue to report to Chris Maleno, Division President, ACE USA. With 23 years of insurance industry experience, Mr. Meyer first joined ACE in 2008 as Executive Vice President for Professional Risk in the U.S. Prior to joining ACE, Mr. Meyer served in senior underwriting roles with several national and global carriers and brokers, and was a co-founding partner of a Managing General Underwriter specializing in transactional liability insurance products, including representations and warranty insurance, tax indemnity insurance and contingent liability insurance. In his role, Mr. Lavigne will bring together the expertise, underwriting capabilities and services of ACE’s existing private and not-for-profit management liability underwriters throughout North America, ensuring that ACE offers best-in-class products and solutions for brokers and clients. He will report jointly to Mr. Meyer and David Lupica, Division President, ACE Commercial Risk Services. Mr. Lavigne joined ACE as Senior Vice President, National Practice Leader for the Professional Risk division in the U.S. in 2009. In this role, he has maintained executive oversight of ACE’s retail management liability business, focusing on private and not-for-profit companies. Mr. Lavigne held senior underwriting roles with other global carriers prior to joining ACE.

ACE Launches New Luxury Goods Practice Across Continental Europe

ACE Group, a provider of property and casualty insurance services, has launched a new luxury goods practice across Continental Europe. ACE already offers comprehensive risk management and insurance solutions for many of the Continent's major luxury goods companies active in the watches, jewellery, apparel, cosmetics, perfumes and fashion goods sectors. The new practice brings together under a single team, the company's expertise across the region and the world with the objective of further strengthening broker and client relationships and driving seamless solutions for buyers. The practice comprises experts in four markets who will act as contact points for brokers and their luxury goods industry clients: Olivier Roussel, France - based in Paris; Stephan Best, Germany - based in Frankfurt; Thomas Kemper, Switzerland - based in Zurich; and Francesco Ilgrande, Italy - based in Milan.

 

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