ACE Raises Record Amount for City of Hope.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 16, 2000 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. ) announced today that a record-breaking $1.4 million dollars has been raised for breast cancer research as the result of a fundraising campaign spearheaded by ACE Chairman and Chief Executive Officer Brian Duperreault. Mr. Duperreault chaired the 2000 Spirit of Life campaign on behalf of City of Hope, a Los Angeles-based organization at the forefront of research to find a cure for breast cancer. The ACE Chairman was honored at a gala dinner in Chicago on November 9, where he was presented with the 2000 Spirit of Life Award by City of Hope Chief Development Officer Steve Solton. Mr. Solton said that ACE had executed an effective fundraising campaign that had resonated within the Insurance Industry. "It is most certainly a measure of the high regard with which the Insurance Industry and the ACE community hold Brian Duperreault that this campaign has been so successful," said Mr. Solton. "In raising a record amount, ACE has also raised the bar for this annual initiative; the gauntlet gauntlet /gaunt·let/ (gawnt´let) a bandage covering the hand and fingers like a glove. is down for next year's Spirit of Life honoree hon·or·ee n. The recipient of an honor. Noun 1. honoree - a recipient of honors in recognition of noteworthy accomplishments recipient, receiver - a person who receives something . I'm sure this is a challenge that will be welcomed, given that the ultimate beneficiaries are those who deserve it the most - the men and women who have been, either directly or indirectly, affected by this dread disease dread disease A disease with a significant impact on lifestyle–eg, multiple sclerosis, longevity–eg AIDS, CA, which incurs high costs–eg, extensive burns, persistent vegetative state, and/or cause significant and permanent residual morbidity, ie ." "I am indeed grateful for the support that the Insurance Industry Council has given this year's campaign," Mr. Duperreault told almost 700 industry representatives gathered at the Chicago Sheraton Hotel last week. "What makes me even more delighted is that $200,000 of the total comes from ACE employees, executives and members of our Board. Their support, in particular, has been overwhelming and is one of the reasons that we were able to raise a record amount for City of Hope." 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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