ACE Limited Declares Quarterly Dividend and Authorizes Repurchase of Securities.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 17, 2000 The Board of Directors of 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. ) today declared a quarterly dividend of 13 cents per ordinary share payable on January 12, 2001 to shareholders of record at the close of business on December 29, 2000. The Board also authorized the repurchase of any ACE issued debt or capital securities, including ACE's ordinary shares, up to an aggregate total of $250 million. These repurchases may take place from time to time in the open market or in private purchase transactions. 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 clients. The ACE Group conducts its business on a global basis with operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. in nearly 50 countries. Additional information can be found at: www.acelimited.com. |
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