ACE Insurance
Through subsidiaries, ACE Limited (based in tax-friendly Bermuda) sells property & casualty insurance and reinsurance in the US and about 50 other countries. ACE International -- which is subdivided into Asia/Pacific, Europe, Far East, and Latin America -- sells property & casualty lines to personal and commercial clients. ACE Global Reinsurance, primarily through its Tempest Re unit, provides catastrophe reinsurance to personal and commercial clients. Through ACE Global Markets, the firm owns four Lloyd's of London managing agencies. ACE USA provides US commercial and casualty insurance.
| Fiscal Year End: | December |
| Revenue (2003): | 10689.70 M |
| Revenue Growth (1 yr): | 50.10% |
| Employees (2003): | 8,994 |
| 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.