ACE Global News
- February 3, 2010 -- ACE USA Discusses how Risk Managers and C-Level Executives can prepare for Data Breaches at their Companies
- February 2, 2010 -- ACE Reports Record Fourth Quarter 2009 Net Income of $953 Million; Operating Income of $683 Million, Up 9% in the Quarter, Contributes to Record Annual Operating Income of $2.8 Billion; Book Value Up 36% for the Year, Tangible Book Value Up 47%; 2009 Operating Return On Equity of 16.2%
- January 19, 2010 -- ACE to Donate $250,000 to Red Cross for Haiti Earthquake Relief; Foundation Will Match Employee Donations to Red Cross
- January 5, 2010 - ACE Announces Earnings Guidance for 2010
Welcome to ACE Insurance Malaysia
ACE Synergy Insurance Berhad is a member of the ACE Group of Companies®, one of the leading global providers of insurance and reinsurance. The ACE Group provides a diversified range of products and services to clients through operations in more than 50 countries around the world, and has the authority to conduct business in over 140 countries.
ACE's Financial Strength
ACE Limited (NYSE: ACE) is one of the world's leading insurance and reinsurance organisations, with 2009 gross premiums written of US$19.2 billion and net premiums written of US$13.3 billion. Our operating income in 2009 was a record US$2.8 billion. The company's book value per ordinary share was US$58.44 at the end of 2009, up 36 per cent for the year.
Our strong capital base, financial stability, diversified earnings stream and multinational operating platform are strong indicators that we are strategically well positioned for future growth and development.
Our Property & Casualty combined ratio for 2009 was 88.3 per cent – a world-class result – and in terms of capital efficiency, we achieved an operating return on equity for the year of 16.2 per cent.
S&P Maintains A+ Rating for ACE
In December 2009, S&P maintained its "A+" (Strong) financial strength rating on ACE’s core operating insurance companies, as well as its positive outlook on the rating.
Supporting its rating decision, S&P’s credit analysis report cited a number of ACE’s strengths, including its global presence, diversification by product line and sector, very strong operating performance and liquidity, conservative investment portfolio, and strong capital adequacy and enterprise risk management. S&P also reaffirmed the counter-party credit rating for ACE Limited of "A-" (Strong), also with a positive outlook.