ACE USA, the U.S.-based retail operations of the ACE Group, appointed Mitchell Schmidt as senior vice president and regional executive officer for ACE USA’s Northeast region. Schmidt will be based in Boston, and will be responsible for setting and driving …
Selected earnings highlights from Swiss based ACE Limited for the second quarter and the first half of 2012 are as follows: Q2 2012 Q2 2011 Gross premiums written ———— $5.653 bn $5.423 bn Net premiums written ————— $4.130 bn $3.953 …
ACE Limited announced that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi (JaPro) in Indonesia for approximately $130 million in cash. JaPro was established in 1963 and is headquartered in Jakarta. …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa” of the North America property/casualty subsidiaries of ACE Limited, which is based in Zurich, as well as its ratings for …
ACE Limited reported its results for the first quarter of 2012. Highlights incuded the following: Q1 2012 Q1 2011 Gross premiums written ———— $4.787 bn $4.644 bn Net premiums written ————— $3.572 bn $3.446 bn Net premiums earned ———– $3.381 …
A.M. Best Co. has upgraded the issuer credit ratings (ICR) and senior debt ratings to “a” from “a-” for Zurich-based ACE Limited and ACE INA Holdings Inc. Best has also upgraded the ICR to “aa” from “aa-” and affirmed the …
