ACE Announces New Web Site - www.acelimited.com.HAMILTON, Bermuda--(BUSINESS WIRE)--July 21, 1999-- The ACE Group of Companies has launched a new web site designed to reflect the enhanced global presence recently achieved by its acquisition of CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Property and Casualty. The improved web site offers easy access to information about the ACE Group, its people, products, company and financial news. The site includes: -- A corporate timeline and profile, including frequently asked questions about the ACE Group and its executive and underwriting staff -- Descriptions of the ACE Group, its holding company ACE Limited (NYSE NYSE See: New York Stock Exchange :ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) and subsidiaries: ACE Bermuda, ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school. Holdings, Inc., ACE International, ACE USA, ACE Global Markets and Tempest Re -- A special interest section highlighting ACE's breaking news -- A global master list of the ACE Group products with direct links to subsidiary product information -- News announcements and reference materials such as reports, articles and speeches -- Investor information with direct access to annual and quarterly reports, historical stock prices and dividend history The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of international clients. At March 31, 1999, ACE Limited had approximately $8.9 billion in assets and approximately $4.0 billion in shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. . Following the July 2, 1999 acquisition of CIGNA P&C, operating subsidiaries are now based in nearly fifty countries and the total assets of the combined companies are approximately $30 billion. |
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