ACE Ltd. News

ACE Makes Future Leadership Appointments for APAC Region

ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and …

ACE Names Keogh as Executive Vice Chairman & Chief Operating Officer

ACE Ltd. announced that John Keogh, vice chairman and chief operating officer, has been appointed executive vice chairman of the company. Keogh will continue to serve as chief operating officer with responsibility for all property & casualty insurance operations of …

Insurers Face Claims of $600 Million from Brazilian Mine Disaster: Sources

Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on Monday. A property policy …

ACE to Appoint Andrade to Head Future Int’l. Non-Life Insurance Operations

ACE Ltd. announced that it intends to appoint Juan C. Andrade, as executive VP of the new Chubb Group and President of the International Non-life Insurance division, which encompasses operations with both retail broker and wholesale market distribution. The bulletin …

XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena

Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief Executive Officer Mike McGavick said. In the past, capital-markets partners would “pat you on the head and they’d say, ‘You …

ACE Authorizes $1.5 Billion of Share Buybacks

ACE Ltd., the Swiss insurer with operations in more than 50 nations, authorized $1.5 billion of share buybacks to take place in 2015. The plan replaces the authorization that expires at the end of this year, according to a statement …

Some Insurers Exclude Ebola; Others Offer New Products

As fear of Ebola infections spreads to developed economies, U.S. and British insurance companies have begun writing Ebola exclusions into standard policies to cover hospitals, event organizers and other businesses vulnerable to local disruptions. As a result, new policies and …