CORRECTING and REPLACING ACE Limited Makes Announcement.Business Editors CORRECTION...by ACE Limited HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 8, 2003 In BW5018 issued Sept. 7, 2003, (ACE) ACE Limited Makes Announcement, read the headline xxx ACE Global Headquarters Reopen After Hurricane Fabian This article is about the Atlantic hurricane of 2003; for other storms of the same name, see Hurricane Fabian (disambiguation) Hurricane Fabian was a powerful Cape Verde-type hurricane that hit Bermuda in early September during the 2003 Atlantic hurricane season. (sted xxx ACE Limited Makes Announcement). The corrected release reads: ACE GLOBAL HEADQUARTERS REOPEN AFTER HURRICANE FABIAN ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE) said today that its global headquarters, which are located in Hamilton, Bermuda, were undamaged by the effects of Hurricane Fabian and will be open for business as of Monday, September 8. Hurricane Fabian, a Category 3 system with winds in excess of 140 miles per hour, passed directly over Bermuda on Friday, September 5, causing loss of life and widespread, significant property damage. "We've received no reports that any of our employees were injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. during the storm and for this we are particularly grateful," said Brian Duperreault, Chairman and Chief Executive Officer of ACE Limited. "We know that this has been a traumatic event A traumatic event is an event that is or may be a cause of trauma. The term may refer to one of the followiong:
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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