ACE Limited News

ACE Announces Future Leadership Team for North American Claims Organization

ACE Limited announced the future claims leadership team it intends to appoint for the company’s North America Insurance division. The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of next …

ACE’s Greenberg Addresses Chubb Employees on Buyout

A landmark purchase was announced this week when ACE Limited released news that it planned to acquire Chubb for $28.3 billion. Once the transaction is completed the combined companies will operate under the Chubb name. The purchase will provide ACE …

ACE Completes Majority Stake Acquisition in Thai Insurer

ACE Limited announced that the company and its local partner have acquired a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the …

ACE Acquires Majority Stake in Siam Commercial Samaggi Insurance in Thailand

ACE Limited announced that the company and its local partner have reached a conditional agreement to purchase a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in …

ACE Acquires Personal Lines Insurer ABA Seguros in Mexico

ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. With more than 50 …