The board of directors of ACE Ltd. voted on Friday to increase the quarterly dividend payable on the company's ordinary shares by ten percent, up from 10 to 11 cents a share.

The dividend will be paid on July 19, to shareholders of record at the close of the business day on June 30.

ACE Ltd. through its wholly owned insurance subsidiaries, is the leading provider of excess directors and officers liability insurance in the world, and one of the leading providers of high-level excess liability insurance.

ACE also offers satellite insurance for launch and in-orbit operations. The Bermuda-based company provides coverage to a diverse group of the world's largest enterprises.

At March 31, ACE Ltd. had approximately $1.3 billion in shareholders' equity and approximately $2.5 billion in assets.