Last $106.70 USD
Change Today +1.61 / 1.53%
Volume 1.3M
ACE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$105.35
Previous Close
$105.09
Day High
$106.70
Day Low
$105.28
52 Week High
06/20/14 - $108.62
52 Week Low
01/27/14 - $92.00
Market Cap
35.8B
Average Volume 10 Days
1.6M
EPS TTM
$9.73
Shares Outstanding
335.7M
EX-Date
09/26/14
P/E TM
11.0x
Dividend
$2.60
Dividend Yield
2.40%
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
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 Actuary and Chief Risk Officer
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

ace ltd (ACE) Key Developments

ACE Group Appoints Jose Garcia as Multinational Director for Iberia, Effective November 01, 2014

ACE Group announced the appointment of Jose Garcia as it's multinational director in Iberia, as it continues to invest in enhancing its capabilities and service for multinational clients and brokers across the region. In his new role Jose will be responsible for the performance and the profitable growth of ACE's multinational offering in Spain and Portugal, working internally with all lines of business to ensure it's consistency and high standards of customer service. Jose Garcia has more than twenty years of insurance industry experience. He joined ACE in 2006 as a Senior Underwriter for Property Multinational Programmes, a role he retains as Multinational Director. Jose will continue to be based in Madrid, reporting to Veronique Brionne, Country President for ACE in Iberia. His appointment is effective November 1, 2014.

ACE Group Announces Launch of Loss Mitigation Services for Privacy and Network Security Risks

ACE Group announced the launch of Loss Mitigation Services for privacy and network security risks. Using proprietary claims data to identify prominent areas of privacy and network security risk, ACE has developed a multi-tier offering to help organizations engaging in all levels of preparation mitigate their security risk. The unique tiered approach provides a lower barrier of entry for businesses just beginning to explore loss mitigation strategies for privacy and network security incidents. At the same time, the Loss Mitigation Services provide more tailored support for organizations that already have advanced information security measures in place. As the number of data breaches increases rapidly year after year, so does the cost. According to the Ponemon Institute's 2014 Cost of Data Breach Study, the average cost to a company was $3.5 million, a 15% increase from 2013. ACE created Loss Mitigation Services to help address this significant threat. Developed in collaboration with ACE's Data Breach Team partners and other service providers, services are available in three distinct tiers: - Complimentary research and self-assessments within numerous service categories, available to all policyholders through ACE's eRisk HUB(R) portal. This proprietary content is developed by experts in privacy and information security, including members of ACE's Data Breach Team, an exclusive panel of legal, computer forensic, notification, call center, public relations, crisis communications, fraud consultation, credit monitoring and identity restoration firms. ACE's Essential Services, to help organizations with more advanced programs begin to address their security exposures in a more efficient and cost-effective manner, focusing on security awareness, vendor management, regulatory compliance, cyber readiness and breach preparation. ACE's Comprehensive Solution, providing flexible solutions based on a custom analysis of the policyholder's information security risk. Loss Mitigation Services is one component of ACE's broad Privacy and Network Security offering that is designed to help businesses mitigate the financial and reputational risks associated with privacy breaches, cover first-party expenses and provide access to a suite of data breach specialists, among other important benefits. This includes access to the ACE Data Breach Team, which, when combined with one of the Data Breach Team Endorsement options, bridges the gap between risk transfer and purchased loss control, creating a comprehensive risk management program for privacy, data breach and network security risk.

ACE Group Company Appoints Art Kandarian as Vice President of Sales for Military Markets

ACE Group company appointed Art Kandarian as vice president of sales for military markets. As vice president of sales for military markets, Kandarian will be responsible for executing on the company's growth strategy and developing Combined Insurance's nationwide military sales markets, as well as leading the integration of those markets with the company's military veteran recruiting initiatives. Kandarian will report to Doug Abercrombie, senior vice president and chief agency officer for Combined Insurance. Kandarian, who retired from the US Army in 2013, most recently served as chief of staff for NATO Special Operations Component Command/Special Operations Joint Task Force.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 10.5x
Price/Sales 1.8x
Price/Book 1.2x
Price/Cash Flow 10.3x
TEV/Sales 1.3x
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