The ACE Group of Companies provides insurance and reinsurance products and services through operating subsidiaries for a diverse group of clients around the world. ACE Westchester focuses on the wholesale distribution of excess, surplus and specialty property and casualty products, as well as the wholesale distribution of specialty inland marine products. In addition, the ACE Westchester program division provides a variety of commercial coverages through program agents, including sports and leisure activities, professional liability, farm and crop/hail insurance and now Retired Directors Assurance.
ACE Limited (NYSE: ACE), the Bermuda-based holding company of the ACE Group of Companies, is one of the world's leading insurance and reinsurance organizations, with 2006 gross premiums written of $17.4 billion and total assets of $71.0 billion. Net premiums written in 2006 were $12.0 billion. The combined loss and expense ratio was 88.1% in 2006, down from 99.5% in 2005. Net income for the year increased to $2.3 billion or $6.91 per share, compared with $1 billion or $3.31 per share for 2005. The average return on equity for the year was 18.5%.
|
