ACE Ltd.ACE

Morningstar Rating

Stock Research and Analysis

by Drew Woodbury

ACE was originally established by a group of Fortune 500 companies seeking to transfer excess insurance risks that the market often avoided. This business model is still present today, as ACE assumes some of the biggest risks for large corporate customers. Read more

Bulls Say

ACE is one of the few companies which have the global footprint that large corporate insurance customers demand. Its network has created a barrier to entry for potential competitors.

By continually expanding its underwriting into new regions and product lines, ACE is able to benefit from significant cross-selling opportunities.

In contrast to many of its domestic insurance peers, ACE benefits from significant international growth opportunities. Read more

Bears Say

Large corporations often have substantial bargaining power which may hurt ACE when negotiating on premium pricing.

Some of ACE's expansions--especially into supplemental health insurance and variable annuity reinsurance--have struggled. These businesses are weakly related to the firm's core businesses.

ACE assumes some very sizeable risks, exposing it to outsized losses in catastrophe years. Read more

Strategy

By catering its insurance mostly to large corporate customers, ACE seeks to underwrite the largest and most complicated risks. In order to provide these accounts with the best service, ACE is continually Read more

Management

We believe that stewardship at ACE is fair. The firm has been led by Evan Greenberg since he assumed the role of CEO in 2004. Former ACE CEO (and current CEO of Marsh & McLennan MMC) Brian Duperreault served as nonexecutive chairman until passing Read more

Profile

ACE specializes in commercial property and casualty insurance for large corporations, which it supplements with small reinsurance and personal insurance lines. ACE was founded Read more

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