Last $107.00 USD
Change Today -0.39 / -0.36%
Volume 1.5M
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As of 4:15 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Key Developments

ACE Group Announces Executive Appointments

ACE Group announced key executive appointments in its Multinational Claims operations to support the recent creation of ACE's Global Accounts Division, which serves large multinational customers around the globe with complex underwriting and servicing needs. Krista Glenn has been promoted to Senior Claims Officer, Multinational Claims, in the company's North American Claims operation. She will be leading the newly-created North American Multinational Claims Practice. Graham Chesman was named Head of Multinational Claims for ACE Overseas General, the company's international general insurance business. In their new roles, Mr. Chesman and Ms. Glenn will collaborate to enhance and standardize country-specific claims operations and reporting to better respond to client and broker needs around complex global claims. Both executives will work with the ACE Global Accounts Division to ensure that customers receive a seamless, full-service claims experience. With more than 20 years of insurance claims industry experience at ACE and its predecessor company, Ms. Glenn most recently served as Senior Vice President, North American Claims. Mr. Chesman has four decades of insurance industry claims experience, including more than 30 years at ACE. He most recently served as Multinational Claims Client Executive.

ACE Group Introduces New Employee Benefit Solution

ACE Group announced the launch of GAP Supplement, a new employee benefit solution that provides employers with a cost effective way to supplement their underlying major medical plans. The coverage provides employees with another level of financial protection toward mitigating the burden of out-of-pocket expenses. ACE's GAP Supplement product is an important addition to ACE Accident & Health's (A&H) comprehensive line of Supplemental Health and Voluntary Benefits products. Ranging from ACE's Hospital Buffer Plan, which helps employees manage the financial impact of a hospitalization, to Voluntary Accidental Death & Dismemberment (AD&D) Insurance, which provides high-limit 24 hour accident protection for employees and their families, ACE's broad suite of products offers employers a number of solutions to manage their employee benefit plans. ACE's GAP Supplement coverage complements an employer's medical plan by reimbursing employees for covered out-of-pocket expenses for which they are responsible: Hospital Benefit reimburses deductibles, coinsurance and other eligible out-of-pocket expenses for covered benefits incurred during inpatient hospitalization; Optional Outpatient Benefit reimburses eligible out-of-pocket expenses incurred for hospital emergency room visits (not admitted) and use of outpatient surgical, diagnostic testing and other similar facilities licensed to provide outpatient treatment; Optional Ambulance Benefit reimburses eligible out-of-pocket expenses incurred for transportation provided by a licensed ambulance company to the nearest hospital.

ACE Group Launches New Risk Management Global Casualty Division

ACE Group has launched a new division that consolidates its US and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing companies that may be increasing their operations in additional jurisdictions around the world. ACE Risk Management Global Casualty combines and leverages the strengths of two established and proven divisions within ACE USA - ACE Risk Management and ACE Foreign Casualty - to provide a single source for specialized products and improved alignment among underwriting, claims, actuarial, legal, credit and other services that support domestic and global casualty products. Whether clients have executives traveling overseas once a year or operations in 150 countries, ACE Risk Management Global Casualty provides the products they need.

ACE Group Appoints Joan Torradeflot Botet as Director of Business Development for its Accident and Health Insurance Business in Catalonia and the Balearic Islands

ACE Group announced the appointment of Joan Torradeflot Botet as Director of Business Development for its Accident and Health (A&H) insurance business in Catalonia and the Balearic Islands. Joan will be responsible for the commercial development of several key personal lines portfolios at ACE, including accident, health, life and travel assistance whether distributed through brokers, telemarketing or affinity programmes. In particular, Joan will leverage his expertise and local knowledge of Catalonia to strengthen ACE's presence in these lines of business in the regional market. He joins ACE with immediate effect and will be based in ACE's Barcelona office. With 12 years of insurance industry experience, Joan began his career as a consultant for Mercer Health and Benefits. Later in 2007, he moved to AON Global Risk in Barcelona, where he worked as Manager of Major Accounts within its social security division.

ACE Limited Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 10:15 AM

ACE Limited Presents at Barclays 2014 Global Financial Services Conference, Sep-10-2014 10:15 AM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Evan G. Greenberg, Chairman, Chief Executive Officer, President and Chairman of Executive Committee.

 

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Price/Earnings 10.7x
Price/Sales 1.9x
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Price/Cash Flow 10.5x
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