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The insurance companies that make up the ACE group constitute one of the world's largest providers of property and casualty insurance. In 2010, the company held $83 billion in assets and currently holds ratings of AA- from Standard & Poor's and A+ by A.M. Best. ACE boasts clients in over 170 countries and serves a wide range of clients, from large multinational corporations to small businesses to companies and groups looking to offer insurance to employees and members, as well as offering individual auto insurance policies.
ACE offers individual auto insurance policies to meet the needs of many types of customers. Their policies are ideal for all types of autos, new or used, classic or antique, and offer customizable protection against theft, accidents, and other incidents. The company's policies offer many different types of coverage, including collision and damage to your own vehicle, vandalism protection, liability coverage, military policies, theft protection, medical expenses in case of an accident, towing expenses, and third party damage coverage.
Although the company is large, it is flexible and personable enough to deal with individual clients on a face-to-face basis. Its size and global reach allows its clients to be reassured in the security of their policies and their investment is backed by over 25 years of insurance experience in dozens of countries. ACE is devoted to ethical business practices, and its website offers an ethics helpline to ensure customer peace of mind in an age of unscrupulous business practices by many firms.
|Fiscal Year End:||December|
|Revenue (2003):||10689.70 M|
|Revenue Growth (1 yr):||50.10%|
|Employee Growth (1 yr):||13.70%|
Standard & Poor's Ratings Services affirmed its 'BBB+' counterpart credit and senior debt ratings on ACE Ltd. (ACE) after its subsidiary, ACE INA Holdings Inc., agreed to sell $500 million of 5.875% senior notes (guaranteed by ACE) due June 15, 2014, from a $1.5 billion shelf filed in May 2002.
Written by Sara Smart