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Policy covers Nordic region directors and officers

By: Joyce Famakinwa

Published June 30, 2015 - 12:23pm CST

Property/casualty insurer Ace Bermuda International has launched the Ace Nordic directors and officers liability policy.

Data scarce for insurers covering cyber risks

By: Sarah Veysey

Published June 10, 2015 - 11:12am CST

U.S. insurers are cautiously underwriting cyber coverage as they seek to understand the true nature of the underlying risk, according to a report by Standard & Poor's Corp.

Ace reports lower profit as commercial insurance rates weaken

By: Sarah Veysey

Published April 22, 2015 - 9:11am CST

Lower insurance prices and a strong dollar dented Ace Ltd.'s first quarter 2015 results.

Competitive pressures in reinsurance sector drive mergers and acquisitions

By: Matthew Lerner

Published April 12, 2015 - 6:00am CST

Competitive pressures in the reinsurance sector have again driven a merger among two smaller players striving to remain relevant.

USI beefs up builder’s risk program

By: Shelby Livingston

Published April 06, 2015 - 2:58pm CST

USI Insurance Services L.L.C. has launched a builder’s risk program for projects of all sizes and types that expands the coverage terms typically offered to middle market customers, the Valhalla, New York-based brokerage announced Monday.

Bermuda insurers and reinsurers post lower profits in 2014

By: Matthew Lerner

Published April 03, 2015 - 1:35pm CST

Ace Group Holdings Inc. led the way as 19 members of the Association of Bermuda Insurers and Reinsurers posted net income of $11.0 billion for 2014, down 6.0% from 2013, the association said Friday.

Ace, Blackrock join to launch reinsurer

By: Shelby Livingston

Published April 02, 2015 - 1:23pm CST

Ace Ltd. and investment bank Blackrock Inc. have launched a joint reinsurance venture, ABR Reinsurance Ltd.

ABR Reinsurance to raise nearly $1.3 billion

By: Matthew Lerner

Published March 20, 2015 - 1:47pm CST

ABR Reinsurance Capital Holdings Ltd., the reinsurance venture between Ace Ltd. and investment bank Blackrock Inc. has filed documents with the Securities and Exchange Commission indicating the venture plans to raise as much as $1.3 billion.

Ace expands professional indemnity insurance market

By: Shelby Livingston

Published March 12, 2015 - 9:58am CST

Ace Ltd. is extending its Ace Tech Pro professional indemnity insurance coverage, which was launched in France last summer, to several European markets.

Marsh, Ace clarify insurance contract terms for U.K. and Ireland clients

By: Shelby Livingston

Published March 05, 2015 - 2:33pm CST

Marsh Ltd. on Thursday announced an agreement with Ace European Group Ltd. to offer its U.K.- and Ireland-domiciled customers improved insurance policy terms and conditions.

2015 Innovation Award winners recognized

Published March 01, 2015 - 6:00am CST

The 2015 Business Insurance Innovation Awards showcase the best new products and services launched over the past year for risk managers. This awards program, which started in 2010, recognizes innovation in the insurance and risk management sector, and the high caliber of the winning entries shows that commercial insurers, brokers and other service providers continue to break new ground with their ...

2015 Innovation Awards: Ace Ltd.

By: Louise Esola

Published March 01, 2015 - 6:00am CST


Ace launches transactional risk insurance

By: Shelby Livingston

Published February 05, 2015 - 12:55pm CST

Ace Ltd. has launched three transactional risk insurance products extending protection to buyers and sellers involved in mergers and acquisitions or other transactions.

Ace creates cyber risk business unit

By: Shelby Livingston

Published January 29, 2015 - 10:56am CST

Ace Group Holdings Inc. has launched an independent cyber risk business unit to strengthen its local underwriting and risk management capabilities across European markets.

Ace fourth-quarter income drops on variable annuity reinsurance accounting

By: Matthew Lerner

Published January 28, 2015 - 10:32am CST

Ace Ltd.'s fourth quarter 2014 net income dropped 44.4% from the same period a year earlier to $555.0 million as earnings were hit by, among other factors, accounting charges related to the company's variable annuity reinsurance business that also hit yearly profits, the company said Tuesday.

The 2015 Innovation Awards winners
are …

Published January 23, 2015 - 3:14pm CST

Business Insurance on Friday announced 10 winners of the 2015 Innovation Awards, the publication's recognition program for products and services designed for use by professional risk managers.

Ace buying Fireman's Fund high-net-worth business for $365 million

By: Shelby Livingston

Published December 18, 2014 - 3:19pm CST

Ace Ltd. on Thursday announced it has signed an agreement to acquire the Fireman's Fund Insurance Co.'s U.S. high-net-worth personal lines insurance business from Munich-based Allianz S.E. for $365 million.

Corporate culture key to workplace gender equality, diversity: Speakers

By: Matt Dunning

Published December 10, 2014 - 9:19am CST

NEW YORK — As companies formulate strategies for promoting gender equality and diversity in the workplace, it is critical that the programs they put in place to achieve that end match their overall corporate culture, a panel of experts said on Tuesday.

Insurers, U.K. government working to improve cyber security

By: Sarah Veysey

Published November 05, 2014 - 10:02am CST

LONDON — The U.K. government and a group of leading insurers pledged Wednesday to work together to find ways to better improve cyber security and to develop cyber insurance products and services available for businesses.

Ace reports lower net income in third quarter

By: Matthew Lerner

Published October 22, 2014 - 9:11am CST

Ace Ltd. reported third quarter net income of $785.0 million, down 14.2% from the same period last year as adjusted net realized losses of $106 million blunted gains in premiums and investments, the company announced Tuesday.

Ace excludes Ebola claims for some new and renewal general liability policies

By: Douglas McLeod

Published October 21, 2014 - 2:55pm CST

Ace USA confirmed Tuesday that it will exclude coverage for Ebola claims under new and renewal general liability polices issued to companies that have exposures to certain African countries.

Multinational insurance programs attracting European risk managers: Study

By: Sarah Veysey

Published September 24, 2014 - 9:27am CST

LONDON — A majority of European risk managers expect their use of multinational insurance programs to increase over the next three years, according to a study by Ace European Group Ltd.

Fitch downgrades Ace Russia's insurer financial strength rating

By: Mark A. Hofmann

Published August 04, 2014 - 12:31pm CST

Fitch Ratings has downgraded Moscow-based Ace Insurance Co. CJSC's insurer financial strength rating to “BBB” from “BBB+” with a negative outlook, London-based Fitch Ratings Ltd. said Monday.

Property/casualty insurers held strong reserves in first quarter: Report

By: Matthew Lerner

Published July 30, 2014 - 12:47pm CST

Property and casualty insurers continued to show favorable reserve development during the first quarter of 2014, according to an analysis of statutory data by SNL Financial L.C., the company said in a statement Wednesday.

Ace net income down 12.5% in 2nd quarter

By: Matthew Lerner

Published July 22, 2014 - 4:29pm CST

Net income declined 12.5% to $779.0 million at Zurich-based Ace Ltd. as the company's agriculture activities weighed upon results.

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