News

ACE Completes Acquisition of Chubb

ACE Completes Acquisition of Chubb; Adopts Chubb Name and Launches New Chubb Brand Company to begin trading on NYSE under the symbol "CB" tomorrow Brand stands for superior underwriting, service and execution Expense synergies remain on track ZURICH, Jan. 14, 2016 /PRNewswire/ -- ACE Limited (NYSE: ACE) announced today that it has completed its acquisition…
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Standard & Poor’s Raises ACE’s Ratings

Standard & Poor's Raises ACE's Financial Strength Ratings to 'AA-'; ACE Limited Issuer Credit Rating Upgraded to "A" NEW YORK (BUSINESS WIRE)--The ACE Group today announced that Standard & Poor’s (S&P) has upgraded the financial strength and counterparty credit ratings for ACE’s core operating insurance companies to “AA-” (Very Strong). The new rating applies to…
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Sovereign Announces Establishment of Dubai Office

Sovereign Risk Insurance ("Sovereign"), announced today that it has received approval in principle from the Dubai Financial Services Authority... HAMILTON, Bermuda - May 14, 2008: Sovereign Risk Insurance Ltd. (“Sovereign”), announced today that it has received approval in principle from the Dubai Financial Services Authority (DFSA) to establish a wholly-owned subsidiary in Dubai. Sovereign Risk…
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EKF and Sovereign Risk Announce Completion of First Joint Transaction

EKF and Sovereign Risk Announce Completion of First Joint Transaction Increased Support for Danish and Global Companies COPENHAGEN, Denmark/HAMILTON, Bermuda, June 6, 2006 – Eksport Kredit Fonden (“EKF”) and Sovereign Risk Insurance Ltd. (“Sovereign”) announced the completion of a political risk insurance contract supporting DKK100 million of exports to Ukraine. The transaction involves export of…
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Sovereign Announces Change in Ownership Structure

Sovereign Announces Change in Ownership Structure - XL to Exit Joint Venture; Sovereign to Become Wholly Owned by ACE HAMILTON, Bermuda, January 23, 2006: Sovereign Risk Insurance Ltd. (“Sovereign” or “the company”), a joint venture between ACE Bermuda Insurance Ltd. (“ACE”) and XL Insurance (Bermuda) Ltd (“XL”), announced that effective February 1, 2006, it is…
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