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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:45 EDTACEACE Limited raises annual dividend 3% to $2.60 per share
ACE Limited announced that its shareholders have approved all matters submitted to the ACE Limited 2014 Annual General Meeting, held at the company’s offices in Zurich, Switzerland, including a 3% increase to the company’s quarterly dividend to $2.60 annually, or 65c per quarter per share. This increase follows a 24% increase in the quarterly dividend that was approved by shareholders on January 10. The dividend distribution will be in the form of a par value reduction payable in four installments. The amount of each installment in Swiss francs will be adjusted up or down to equal 65c near the time of payment, subject to an aggregate cap for the four installments of CHF 3.42 per share. In addition, the Board of Directors declared that shareholders of record at the close of business on July 23, will be entitled to payment of the first of such installments, subject to a required filing with the Swiss Commercial Register. This dividend payment will be made in U.S. dollars on August 13, by the company’s transfer agent. The company’s par value is currently CHF 26.59 per share, and in connection with the dividend installment, the par value per share will be reduced by the CHF equivalent of 65c based on the USD/CHF rate published on July 16.
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September 10, 2014
13:49 EDTACEACE launches global primary casulty unit for U.S., Canadian firms
ACE launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing companies that may be increasing their operations in additional jurisdictions around the world.

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