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Ace liable for Abercrombie defense in gift card litigation

By: Judy Greenwald

Published August 14, 2015 - 2:34pm CST

An Ace Ltd. unit is obligated to defend retailer Abercrombie & Fitch Co. in connection with three pending class action lawsuits stemming from a promotion, an appeals court ruled.

Week in pictures

Published July 31, 2015 - 10:51am CST

A possible break on the missing Malaysia Air jet, a big fine for Fiat Chrysler, a new lineup at Ace/Chubb, cyber pain and suffering and more from Business Insurance.

Ace outlines leadership changes on Chubb acquisition

By: Matthew Lerner

Published July 28, 2015 - 12:33pm CST

Ace Ltd. on Tuesday said it has reorganized the leadership team for its North American insurance operations to take effect upon completion of its acquisition of Chubb Corp.

Ace quarterly profit rises nearly 21%

By: Shelby Livingston

Published July 22, 2015 - 6:00am CST

Ace Ltd. posted strong 2015 second-quarter results driven by an increase in premiums written and a strong dollar, the insurer said.

Ace, XL prepare to address challenges of growth

By: Judy Greenwald

Published July 19, 2015 - 6:00am CST

Ace Ltd. and XL Group P.L.C., born of the mid-1980s liability crisis, have become successful global players largely through acquisitions, though they face several challenges resulting from their latest purchases.

Week in pictures

Published July 10, 2015 - 6:00am CST

The continuing courtship among insurers, lights out at the NYSE, economic woes of Greece and more filled the week at Business Insurance.

30 years later, Bermuda startups again take center stage

By: Judy Greenwald

Published July 07, 2015 - 11:18am CST

Ace Ltd., which announced its purchase of Chubb Corp. earlier this month, and XL Group P.L.C., which acquired Catlin Group Ltd. in May, emerged from the mid-1980's capacity crisis and since have risen to become industry powerhouses.

Commercial insurance sector poised for further consolidation

By: Mark A. Hofmann

Published July 07, 2015 - 9:02am CST

Ace Ltd.'s proposed $28.3 billion acquisition of Chubb Corp. could lead to further consolidation in the commercial insurance industry, according to observers.

Ace's purchase of Chubb shifts industry dynamic

By: Sarah Veysey and Mark A. Hofmann

Published July 05, 2015 - 6:00am CST

Ace Ltd.'s proposed $28.3 billion acquisition of Chubb Corp. plays to the strengths of both companies and will create a formidable international insurer, according to both the parties involved and market analysts.

Merger mania 2015

Published July 03, 2015 - 6:00am CST

Whether it's to establish global reach, enter new lines of business or to combat overcapacity, the insurance segment has been alive with merger activity in 2015. Just this week, two megamergers took place. Here's a look at what's happening:

Week in pictures

Published July 02, 2015 - 11:47am CST

Insurance industry consolidation was the main order of the holiday-shortened week. But there was also plenty on the disaster, data breach and Apple fronts for Business Insurance.

Analysts laud Ace, Chubb merger; will other insurers reassess?

By: Mark A. Hofmann

Published July 01, 2015 - 12:18pm CST

Ace Ltd.'s proposed $28.3 billion acquisition of Chubb Corp. is good news for both companies, analysts say.

CEOs tout benefits of Ace buying Chubb

By: Sarah Veysey and Mark A. Hofmann

Published July 01, 2015 - 7:56am CST

Ace Ltd.'s acquisition of property/casualty and specialty insurer Chubb Corp. for $28.3 billion will “make each other better,” Ace Chairman and CEO Evan G. Greenberg said Wednesday.

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


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