ACE Limited (NYSE: ACE) is the parent company of the ACE Group, a global provider of insurance products covering property and casualty, accident and health, reinsurance, travel, creditor, and life insurance. It also operates in the Lloyd's insurance market in London. It offers services including process management, unusual hazards identification and expected loss calculations, and engineering services.
Based in Bermuda and Switzerland, ACE trades on the NYSE. Its core operating insurance companies are rated "AA-" (Very Strong) for financial strength by Standard & Poor's and "A+" by A. M. Best. Moody's rates the U.S. companies "A2" and the unsecured loan notes "A3". In 2010, the group controlled $83.4 billion in assets and received more than $19.5 billion of gross written premiums.
Clients of the ACE Group consist of multinational corporations and local businesses, insurers seeking reinsurance coverage, and individuals purchasing insurance policies.
Famous quotes containing the words ace and/or limited:
“I do not object to Gladstone’s always having the ace of trumps up his sleeve, but only to his pretence that God had put it there.”
—Henry Labouchere (1831–1912)
“Moreover, the universe as a whole is infinite, for whatever is limited has an outermost edge to limit it, and such an edge is defined by something beyond. Since the universe has no edge, it has no limit; and since it lacks a limit, it is infinite and unbounded. Moreover, the universe is infinite both in the number of its atoms and in the extent of its void.”
—Epicurus (c. 341–271 B.C.)