ACE Limited (ACE) Tops Q1 EPS by 2c
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ACE Reports First Quarter Operating Income of $745 Million or $2.25 per Share, P&C Combined Ratio of 88.4% and Operating Return on Equity of 10.8%
April 21, 2015 5:18 PM UTCGlobal P&C net premiums written, which exclude Agriculture, up 5% in constant dollars P&C underwriting income of $402 million, up 7.8% in constant dollars Net investment income of $551 million Operating cash flow of $1.1 billion Unfavorable foreign currency movement negatively impacted operating income by $20 million, or $0.06 per share, compared with the prior year, reduced Global P&C net premiums written growth by five percentage points and reduced book value by $441 million in the quarter
ZURICH--(BUSINESS... More
ACE Launches Predictive Analytical Tools Powered by ACE 4D
April 21, 2015 3:48 PM UTCACE 4D applies propriety four dimensions of predictive analytics to reduce costs and drive better claims outcomes for insureds
PHILADELPHIA--(BUSINESS WIRE)-- ACE Group today announced the launch of ACE 4D, its next-generation predictive modeling and data analytics solution. Designed to support ACE insureds, ACE 4D is a suite of analytic tools that provide high definition insight into unrecognized claim severity, enabling claim professionals to employ effective and appropriate loss mitigation strategies.
ACE 4D delivers a proprietary data advantage by analyzing the strongest predictors of claims severity. Powered by ACE 4D, claims adjusters can... More
Threat and Expense of Antitrust Litigation Grows in the Health Care Sector; ACE Report Identifies Due Diligence Practices to Help Mitigate Risk
April 20, 2015 5:42 PM UTCPHILADELPHIA--(BUSINESS WIRE)-- ACE Group today released a new white paper examining the increased risk of antitrust litigation in the health care market. The paper analyzes the recent growth in health care industry transactions and the corresponding rise in antitrust regulation and government enforcement. It also outlines key due diligence practices that health care market participants should implement to proactively address this risk and, ultimately, to avoid costly consequences.
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