ACE News

Willis, ACE Team-up for First ‘e-Accounting’ Processing in London Market

ACE’s London based operations have teamed up with Willis Limited, the UK insurance broker, to successfully launch a fully electronic accounting process between the two companies. The achievement marks the first time that a broker and insurer have used the …

ACE Expands Terrorism, Political Violence Team; Biggas is New Underwriter

ACE announced from its London office that it has appointed Marie Biggas to the position of underwriter for terrorism and political risks for ACE Overseas General (AOG). She joins ACE from the Chaucer Syndicate, and will continue to be based …

Electronic Endorsements Success Spreads across London Market

The London Market Group (LMG), which introduced a platform for the electronic support for endorsements in April, noted that the program has gotten off to a “resounding start;” so good in fact that it’s introducing three new classes of business. …

ACE Names Farid Eid Filho Country President for Brazil

The ACE Group of insurance and reinsurance companies has appointed Farid Eid Filho as Country President for ACE Brazil. He will be in charge of leading the company’s Brazilian operations including all property and casualty and accident and health insurance …

ACE Report Examines Potential Impact of Solvency II on Captives

The ACE Group announced today the availability of a new report that identifies the potential impact of the European Union’s Solvency II regulatory requirements on captive insurance companies and offers an alternative insurance structure for risk managers of multinational companies …

ACE Elects Two New Directors to Board

ACE Limited announced from its Zurich headquarters that Eugene B. Shanks, Jr. and Michael P. Connors have been elected to its Board of Directors by the company’s shareholders at the Company’s Annual General Meeting held on May 18, 2011. Shanks …

ACE Appoints Cote Continental Europe Financial Lines Manager

The ACE group has announced the appointment of Nadia Cote to the position of Financial Lines Manager for Continental Europe (CE) and Central and Eastern Europe (CEE). She will report to Serge Osouf, Executive Vice-President CE/CEE and Senior Advisor Emerging …

Fitch Affirms ACE Limited’s and Subs Ratings; Outlook Stable

Fitch Ratings has affirmed the ratings of ACE Limited and its subsidiaries (collectively, ACE), and has assigned an ‘AA-‘ Insurer Financial Strength rating (IFS) to Agri General Insurance Company (AGIC). Fitch has also withdrawn its rating on ACE’s subsidiary, Westchester …

ACE Covers Trustee Liability for UK Low Cost Pension Scheme

The ACE European Group announced that it has been appointed with its partner OPDU (The Occupational Pensions Defence Union) to “provide and administer pension trustee liability cover to the NEST Corporation, the trustee body responsible for running the UK Government’s …

ACE USA Appoints Hurley, Kubursi in New York Region

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Andrew Hurley as chief operating officer of its New York region. In this new role, Hurley will assist in executing the regional business plan, and driving regional …