Ace upgraded to AA- on capital strength
Ratings agency Standard & Poor's (S&P) has upgraded the financial strength ratings of a number of Ace Group's operating companies from A+ to AA- with a stable outlook.
The ratings attach to Ace's North American, European and Bermudian operating companies. Together these businesses account for in excess of 75 percent of global net written premium.
In explaining the rating decision, S&P pointed to Ace's "very strong and consistent operating performance, very strong competitive position, positive management and corporate strategy, and...
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