ACE Group on a global scale
We have around 12 million customers across our EMEA region, over 1,300 employees in the UK and Ireland alone and a global footprint spanning over 50 countries.
Discover more about our journey to get to where we are today
The ACE story begins.
In 1985, a capacity crisis had emerged within the US insurance marketplace for excess liability insurance.
Recognizing the customer need, a number of pioneers helped to pool capital and create a new insurance company.
In a hotel room in Bermuda, ACE was born.
We completed our initial public
offering and were authorised for
listing, and to trade on the
New York Stock Exchange.
ACE arrives in London
We grew in size and offering,
acquiring Lloyd’s managing agency Ockham Worldwide and
Methuen Underwriting
ACE Global Markets was born from our London operation at Lloyd’s, and ACE Global Markets acquired Lloyd’s-based Tarquin Limited
ACE acquired the global property and casualty business CIGNA Corporation for $3.5 billion, making us one of only a handful of truly international property and casualty insurance companies.
With this acquisition, we also inherited the rich history of pioneering Insurance Company of North America – who wrote their first policy in 1792
New global headquarters in Hamilton, Bermuda
New headquarters for ACE
European Group in London
ACE Captive Solutions is born, to provide solutions across multiple product lines to the global captive community.
ACE Limited formed ACE Risk Management International to address the risk financing needs of major corporations.
ACE Financial Solutions Europe and ACE Financial Reinsurance Europe were created to provide customized products to European customers
Evan Greenberg became President & Chief
Executive Officer, ACE Limited
Regulatory approvals granted to expand our Commercial Property and Casualty Insurance offering to Poland and Russia.
ACE 20th birthday celebrations and Global Day of Service – more than 5,000 employees in 30 countries took part in community projects
ACE arrived in South Africa
New offices for ACE European Group open
in Hungary and Czech Republic.
Plus, new offices further afield for ACE
in Vietnam, Bahrain and Peru
We moved our holding company from the Cayman Islands to Switzerland and established a corporate holding company office in Zurich, as well as launching a new Swiss company, ACE Insurance Switzerland Limited
Growth continued with our acquisition of Combined Insurance Company of America for $2.56 billion – expanding our ability to provide supplemental Accident and Health, and Life and Disability Insurance.
ACE European Group opens in Turkey
ACE celebrated its 25th birthday
We acquired one of the US’s largest crop insurers, Rain & Hail Insurance Service Inc – and Jerneh Insurance Berhad in Malaysia
We had plenty to celebrate:
We grew in Asia with the acquisition of New York Life’s Korea and Hong Kong operations
We also acquired agribusiness insurer Penn Millers in the US and general insurer Rio Guayas in Ecuador
We moved up on Newsweek Magazine’s 2011 Green Rankings List of America’s top 500 largest public companies, ranking 6th in the financial services sector and 56th overall
ACE Risk Management received eight Buyer’s Choice Awards for service and expertise from Business Insurance Magazine
We grew even stronger, acquiring 80% of general and personal lines insurer Asuransi Jaya Proteksi in Indonesia, and expanded operations to Ukraine
ACE was named Reaction Magazine’s “Best Global Insurance Company” for the third year in a row, and ACE Limited Chairman and CEO, Evan Greenberg was named “Insurance CEO of the year”
We continue to grow and look forward to bringing you more ACE developments over the coming months…
