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ACE Group

 
1 through 20 of 27 matching documents, best matches first.   Sort by date

Ace Cleared to Acquire Jerneh Insurance in Malaysia
Ace Group said it has been cleared to acquire Jerneh Insurance Bhd. for a proposed price of about US$200 million, approved by Bank Negara Malaysia, the country's central bank and ...
Source: BestWire   Date: September 15, 2010
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China's Insurance Market Concludes a Decade of Rapid Evolution
... China National Petroleum Corp. (CNPC), won approval to establish in China in January 2002 and became the first Sino-foreign insurance joint venture to operate insurance business ...
Source: BestWire   Date: January 19, 2010
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Ace Affiliate Huatai to Market Pollution Coverage in China
Huatai Insurance Company of China Ltd. was cleared by the China Insurance Regulatory Commission to develop coverage for first-party clean-up and third-partly claims for pollution ...
Source: BestWire   Date: April 1, 2008
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Ace Unit Endorses Mandatory Liability Cover for U.K. Pension Trustees
Ace European Group Ltd. has endorsed a suggestion that pension trustees in the United Kingdom be required to have liability insurance. The proposal came from Brian Holden, chairman ...
Source: BestWire   Date: November 14, 2006
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Lloyd's Market Group Adds Voice to Calls for Clarity on Broker Payments
Financial Services Authority. "I think the FSA should step in and make it clearer," said Andrew Kendrick, chairman of the LMA and chairman and CEO of Ace European Group Ltd. The ...
Source: BestWire   Date: July 24, 2006
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Insurance Executives Worry Over Growing Regulatory, Catastrophe Risks
Karl Wittmann, a member of Munich Reinsurance Co.'s board of management and moderator of the panel, told the audience that Ram Kishore Joshi, chairman and managing director of ...
Source: BestWire   Date: July 24, 2006
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IIS Conference Probes Globalization, Convergence of Insurance Risks
Natural catastrophes no doubt are upping the ante for the industry. But as more than 500 delegates to the 42nd annual seminar of the International Insurance Society heard this ...
Source: BestWire   Date: July 20, 2006
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Insurers Push for U.S. Regulatory Reform
Federal Reserve overall a far more enlightened regulator. "I would hope the ultimate regulatory home for insurance also is the U.S. Treasury." In some ways, the federal government ...
Source: BestWire   Date: July 18, 2006
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Perspectives: Getting Regulators to Buy In on Contingent Commissions Is No Easy Task
Have you heard this one? A customer walks into an electronics store to buy a new television and asks to know the prices, features and service records of different models. After a ...
Source: BestWire   Date: May 22, 2006
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Ace Settles for $80 Million With Three States in Finite Reinsurance, Brokerage Probes
New York, Connecticut and Illinois. Those settlements will cost Ace $80 million pretax, a charge to first-quarter earnings that cut into an otherwise impressive performance. Ace ...
Source: BestWire   Date: April 26, 2006
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Global Insurers Seen Needing More Capital to Withstand Storms
The capital implications for global insurers as a result of the 2005 U.S. hurricanes still are being formulated but are likely to be significant, according to Andrew Kendrick, ...
Source: BestWire   Date: April 24, 2006
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New Chairman of Lloyd's Market Group to Continue Push for Contract Certainty
Ace European Group Ltd. He is also the newly elected chairman of the Lloyd's Market Association, which represents underwriters operating at Lloyd's. Contract certainty indicates ...
Source: BestWire   Date: April 17, 2006
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Ace Execs Downplay Effect of Restatements on Strong Second-Quarter Results
Chief Financial Officer Philip V. Bancroft said only that the restatements had no impact on second-quarter results, other than income that was reclassified as deposits rather than ...
Source: BestWire   Date: July 26, 2005
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As Greenberg Era Ends, Insurance Industry Leadership, Accountability Seem Less Certain
After another eventful week for American International Group Inc. as it attempts to sort out its troubles with federal and state regulators, industry watchers are wondering what ...
Source: BestWire   Date: April 4, 2005
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Ace Approved for Commercial Insurance Business in Poland, Russia
European Union's Freedom of Establishment Directive, Ace said. The EU directive allows companies based in one member state to open branches in another member state if the home ...
Source: BestWire   Date: March 25, 2005
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Ace 10-K Filing Acknowledges Lawsuits, Investigations Related to Industry Practices
Delaware Chancery Court by shareholders of broker Marsh & McLennan Cos. related to bid-rigging charges leveled at Marsh through its brokerage practices. In that lawsuit, plaintiffs ...
Source: BestWire   Date: March 17, 2005
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Rival Insurers Seek to Block Sale of Ace's Asbestos-Impaired Units
Four of its biggest competitors are targeting Ace Ltd.'s move to sell off units that carry large prior-year asbestos obligations by complaining to regulators in Pennsylvania and ...
Source: BestWire   Date: February 18, 2005
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Ace Consolidates European Operations in London
Financial Services Authority. The consolidation was completed with the successful transfer of the insurance and reinsurance portfolios of Brussels, Belgium-based Ace Insurance S.A. ...
Source: BestWire   Date: January 17, 2005
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Ace sale of $1 Billion in Assets Raises Profile of London-Based Runoff Specialist
Ace American Reinsurance Co., Brandywine Reinsurance Co. (U.K.) Ltd. and Brandywine Reinsurance Co. S.A.-N.V. Ace (NYSE: Ace) said the sale would bolster its asbestos and ...
Source: BestWire   Date: January 13, 2005
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Swiss Re Subpoenaed in Growing Financial Reinsurance Probe
Swiss Re Group said it has received requests from the U.S. Securities and Exchange Commission and the New York state Attorney General for documentation related to nontraditional ...
Source: BestWire   Date: November 22, 2004
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