| Business Summary | | ACE
Limited,
through
its
various
subsidiaries,
provides
a
broad
range
of
insurance
and
reinsurance
products
to
customers
in
the
United
States
and
almost
50
other
countries.
In
addition,
ACE,
through
ACE
Global
Markets,
provides
funds
at
Lloyd's,
primarily
in
the
form
of
letters
of
credit,
to
support
underwriting
capacity
for
Lloyd's
syndicates
managed
by
Lloyd's
managing
agencies
that
are
wholly
owned
subsidiaries
of
ACE.
The
Company
derives
its
revenue
principally
from
premiums,
fees
and
investment
income.
ACE
operates
through
six
business
segments:
ACE
Bermuda,
ACE
Global
Markets,
ACE
Global
Reinsurance,
ACE
USA,
ACE
International
and
ACE
Financial
Services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ACE
Limited
through
its
subsidiaries,
provides
insurance
and
reinsurance
products
for
a
diverse
group
of
international
clients.
For
the
six
months
ended
6/30/01,
revenues
rose
18%
to
$3.15
billion.
Net
income
before
accounting
change
and
applicable
to
Common
fell
8%
to
$259.8
million.
Revenues
reflect
increased
premiums
from
financial
solutions
contracts.
Net
income
was
offset
by
higher
loss
expenses
due
to
a
change
in
the
business
mix. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Brian Duperreault, 53 Chairman
and CEO | $3.6M | Dominic Frederico, 47 Pres,
COO and Group Pres & Chief Exec. Officer of the U.S. and Ber | 2.3M | Donald Kramer, 63 Vice
Chairman | 1.3M | Christopher Marshall, 44 CFO | -- | Timothy Boroughs, 51 Pres
and CEO, ACE Asset Management, Inc. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|