Ace in the broker pack.
Ace has seen massive growth in the last 15 years, and the company is still looking for innovative ways to extend its reach, Steve Schleisman, chairman and chief executive officer, explains to Diane Smyth.
Ace has experienced phenomenal growth since it started out, in August1985, as a holding company on the Cayman Islands. The company made a
series of acquisitions throughout the 1990s, and was managing 9.3% of the
total underwriting capacity at Lloyd's by July 1998. Just over a year ago,
Ace made its biggest acquisition to date, paying $3.45bn (£1.04bn) for
Cigna Corporation's international property and casualty insurance
business.
The acquired business generated approximately $3bn in net premiums
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