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Insurer Ace Limited has delisted from the Bermuda Stock Exchange (BSX) following its acquisition of Chubb Corporation in a $29.5 billion takeover. The deal created the world’s largest publicly traded property and casualty insurance company. The Ace n...

Insurance giant Ace has completed a $29.5 billion takeover of Chubb to create the world’s largest publicly-traded property and casualty insurance company. Ace was an early flag-bearer for Bermuda’s insurance sector after placing its operating headqua...

A $29.7 billion merger between insurance giants Ace and Chubb is expected to close today — meaning the end of the Ace brand. Ace announced yesterday it had cleared regulatory hurdles to acquire Chubb and create the world’s publicly traded property an...

ZURICH (AM Best News Service) — With the acquisition of Chubb Group expected to be completed during the first quarter of 2016, Ace Group has appointed 12 executives to make up the future commercial property/casualty leadership team for the new Chubb ...

Global insurer Ace Ltd generated record operating income for the third quarter and comfortably beat analysts’ estimates. Net income was down by nearly a third, however, to $528 million in the July through September period, compared to $785 million, a...

Insurance group Ace has announced its 2015 graduate trainee. Dominique Richardson will now join the company’s professional lines department on a two-year graduate training programme. Ms Richardson, a business administration graduate of Barry Universi...

Ace chairman and CEO Evan Greenberg has met staff at merger partner Chubb — and told them they have an “historic” opportunity. Mr Greenberg, whose firm has agreed to acquire US-based Chubb in a $28.3 billion cash-and-stock deal, said: “The opportunit...

Insurance giant Ace yesterday posted operating income of $788 million for the second quarter of the year. The firm said that was equivalent to $2.40 a share — above the consensus analyst forecast of $2.29 a share. Ace added its net income rose 21 per...

Anyone who says it’s not possible to build a global business empire after starting out in tiny Bermuda should take a look at Ace Ltd. Last week’s announcement that the company had agreed to buy the American insurance powerhouse Chubb in a mind-boggli...

Two Bermudian students yesterday received scholarships in an awards ceremony hosted by the Ace Foundation — Bermuda. Jacqueline Riley Correia was unveiled as the 2015 Robert Clements/Ace Scholar, while Shannon Davis was the 2015 ACE/Bermuda College E...

Insurance firm Ace has agreed to buy out a major US-based insurer in a $28.3 billion deal. The move means Ace, which has an office in Bermuda, will have a 70 per cent stake in New Jersey-based Chubb after the deal closes. The new firm will use the Ch...

Insurance and reinsurance giant Ace has launched its 12-week summer intern programme. A total of six students are to join the firm for the Ace Select scheme, now in its third year. Ace Bermuda chief administration officer Samantha Froud said: “We are...