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With the 1999 acquisition of CIGNA’s worldwide
property and casualty business, ACE inherited a distinguished history
dating back to 1792 when the Insurance Company of North America (INA)
was founded as the first U.S.-based marine insurance company. In Indonesia,
ACE's presence can be traced to its root in PT. AFIA Indonesia as far
as 1969.
The PT. ACE INA Insurance’s strategic focus on
growth by diversification has helped make it one of the most innovative
providers of commercial insurance in today’s Indonesian marketplace.
2005
- ACE receives regulatory approvals to begin providing Life Insurance
in China and Vietnam and Commercial Property & Casualty Insurance
in Poland and Russia.
2004
- Evan Greenberg named Chief Executive Officer of ACE Limited, Brian
Duperreault will remain as Chairman.
- PT. ACE INA Insurance established its new location in the premier
business district of Sudirman street in Jakarta, Indonesia.
2002
2001
-
ACE Limited changes its ticker symbol on
the New York Stock Exchange from ACL to ACE.
- ACE opens its new global headquarters in Hamilton, Bermuda.
1999
- PT. Asuransi CIGNA changed its name to PT. ACE INA Insurance following
ACE's strategic acquisition over CIGNA Corporation's property and
casualty division. This marks ACE's global presence to include Indonesia
as one of ACE's operation in nearly 50 countries.
- ACE acquires the global property and casualty business of
CIGNA Corporation for $3.45 billion, making ACE one of only a handful
of truly international property and casualty insurance companies.
- ACE acquires Capital Re Corporation (now ACE Financial Services),
a company providing specialty reinsurance for financial guaranty insurance
and other financial risks.
1998
- ACE acquires U.S.-based Westchester Fire Insurance Company;
ACE USA is formed.
- ACE forms strategic alliance with the Multilateral Investment
Guarantee Agency (MIGA) of the World Bank Group to provide treaty
reinsurance for MIGA’s political risk operations.
- ACE acquires CAT Limited, a property catastrophe reinsurance
concern, and integrates it as part of
ACE Tempest Re.
- ACE Global Markets acquires Lloyd’s-based
Tarquin Limited. ACE now manages approximately 9.3 percent of the
total underwriting capacity at Lloyd’s.
- ACE Global Markets is formed in London from
ACE’s existing operations at Lloyd’s.
1994
- Product line diversification continues with the addition of
satellite insurance.
-
Brian Duperreault is named Chairman, President & Chief Executive
Officer.
1990
- Walter Scott becomes Chairman, President & Chief Executive Officer.
1986
- ACE opens its first office in Hamilton, Bermuda with six full-time
employees.
1985
- John Cox, ACE’s first Chairman, President & Chief Executive
Officer, is appointed.
-
ACE Bermuda writes its first official insurance
policy.
- ACE Limited and its Bermuda insurance subsidiary
are incorporated in the Cayman Islands and establish
headquarters in Hamilton, Bermuda.
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