Last $116.21 USD
Change Today +0.18 / 0.16%
Volume 569.7K
ACE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$116.27
Previous Close
$116.03
Day High
$116.66
Day Low
$115.89
52 Week High
12/8/14 - $117.89
52 Week Low
01/27/14 - $92.00
Market Cap
38.6B
Average Volume 10 Days
1.5M
EPS TTM
$9.73
Shares Outstanding
331.7M
EX-Date
12/15/14
P/E TM
11.9x
Dividend
$2.60
Dividend Yield
2.22%
Current Stock Chart for ACE LTD (ACE)

ace ltd (ACE) Related Businessweek News

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ace ltd (ACE) Details

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates through five segments: Insurance – North American P&C, Insurance – North American Agriculture, Insurance – Overseas General, Global Reinsurance, and Life. The Insurance – North American P&C segment offers risk management programs, specialty commercial property and casualty (P&C), accident and health, homeowners, automobile, liability, valuables, and marine coverages; and excess and surplus property, directors and officers (D&O), professional liability, inland marine, specialty casualty, environmental, and political risk products. The Insurance – North American Agriculture segment provides comprehensive multiple peril crop insurance and crop-hail insurance; and farm and ranch coverages, as well as specialty P&C coverages for companies that manufacture, process, and distribute agriculture products. The Insurance – Overseas General segment offers traditional and specialty P&C products, including D&O, professional liability, specialty personal lines, and energy products; and specialty products, such as aviation, marine, financial lines, energy, and political risk, as well as personal accident and supplemental medical products. The Global Reinsurance segment markets reinsurance products under the ACE Tempest Re name; and provides solutions for small to mid-sized clients and multinational ceding companies, including licensed reinsurance capabilities, property and workers’ compensation catastrophe, loss-warranty, stop-loss cover, marine, and aviation programs. The Life segment offers protection and savings products comprising whole life, endowment plans, individual term life, group term life, group medical, personal accident, credit life, universal life, and unit linked contracts. The company was founded in 1985 and is headquartered in Zurich, Switzerland.

20,000 Employees
Last Reported Date: 02/28/14
Founded in 1985

ace ltd (ACE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $7.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Vice Chairman, Chief Operating Officer, Chair...
Total Annual Compensation: $2.9M
Vice Chairman and Chairman of Insurance - Nor...
Total Annual Compensation: $2.2M
Chief Risk Officer, Chief Actuary and Executi...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

ace ltd (ACE) Key Developments

ACE Commercial Risk Services Launches Vacant Building and Vacant Land Insurance Products

ACE Commercial Risk Services has launched new Vacant Building and Vacant Land insurance products. The Vacant Building and Vacant Land product is a new area of focus that serves the property and casualty package specialty lines market for select small businesses, and deepens ACE's growing product portfolio for the small commercial market. ACE Commercial Risk Services will continue to launch new products for small businesses (with 20 or fewer employees) in the fourth quarter of 2014 and through 2015. These Vacant Building and Vacant Land insurance products include specific options for small business owners that were previously unavailable to this segment. Specifically, policyholders have the ability to consider Replacement Cost and Special Cause of Loss for qualified properties and obtain coverage for both vacant and certain partially vacant commercial and residential properties, condo units and rental space, with or without renovation work. ACE's new Vacant Building and Vacant Land products advance the division's commitment to small commercial accounts with specialized insurance needs, while helping brokers maximize their success and create a better experience for the small businesses that they insure. Key features and limits available in the ACE Commercial Risk Services Vacant Building include: up to $5,000,000 in total Property values, and General Liability limits of up to $1,000,000 per occurrence, and up to $3,000,000 in the aggregate; ability to consider Special Form Cause of Loss and Replacement Cost coverage; no length of vacancy restrictions; ability to consider locations undergoing renovation; and shorter policy terms of three, six or nine months also available. Key features and limits available in the ACE Commercial Risk Services Vacant Land include: general liability limits of up to $1,000,000 per occurrence, and up to $3,000,000 in the aggregate; no length of vacancy restrictions; shorter policy terms of three, six or nine months also available; and ability to consider an exposure of two lakes or ponds on premises.

ACE Group Announces Appointment of Jessica Bååth as Head of Direct Marketing

ACE Group announced the appointment in its Nordic Accident and Health (A&H) team, as part of its ongoing investment in the development of its consumer insurance offering in the region. Jessica Bååth has been appointed to the role of Head of Direct Marketing for the company in the Nordics. Jessica will continue to expand company's direct marketing business in the region and focus on the development of new sales channels. Jessica has more than 15 years of insurance industry and marketing experience. She re-joins the company, where she held the position of Telemarketing Supervisor, Nordic Countries, from 2003 to 2007, from AIG in the Nordics where she was Direct to Consumer Manager, responsible for strategic sales and marketing planning, managing sponsor development as well as public relations. The appointment is effective immediately. In their new roles, Jessica will be based in Stockholm reporting to Anna Orhaug, Head of A&H for ACE in the Nordics.

ACE Group Appoints Robert Latimer as Environmental Risk Underwriter, UK & Ireland

ACE Group announced the appointment of Robert Latimer as Environmental Risk Underwriter as it continues to invest in building its environmental liability insurance capabilities in the UK & Ireland. Robert will be responsible for growing ACE’s regional environmental liability book, working predominantly with brokers outside of London to develop environmental liability programmes. Robert will be based in Manchester and report to Emma Bartolo, UK & Ireland Environmental Risk Manager. His appointment takes place with immediate effect. Robert has thirteen years’ environmental consultancy experience and joins from OHES Environmental Consulting (part of AJ Gallagher) where he was a Principal Environmental Consultant, managing environmental incidents across a wide range of industries and clients. Prior to that, Robert was environmental consultant at specialist consultancy service provider WSP Environmental.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 12.0x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 11.7x
TEV/Sales 1.4x
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