ACE Limited - An ace stock at FinGad.com

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Categorie: Equities
Submitted 11 months ago by

Dan , Chairman and CEO at Labi Group

S&P500 stock - ACE Limited (NYSE: ACE) An ace stock Web dictionary defines Insurance as "promise of reimbursement in the case of loss". But if the company tanks do investors have insurance to claim a reimbursement to be adjusted against the loss? For the answer an investor needs to understand the fundamentals of insurance business, the continuity and the people who manage the enterprise. Evan G. Greenberg, age 52, has served as one of the directors since August 2002. He was appointed to the position of President and Chief Executive Officer in May 2004 and he was given the additional responsibility of Chairman of the board of directors in May 2007. Prior to joining the company he was President and Chief Operating Officer of AIG, from 1997 until 2000 and to be fair he moved through the ranks in AIG with his hard work and vision. A mention here, he was with AIG for quite some time, in fact he started his career in the insurance sector with a major spell in AIG. With such a stalwart at the helm, the company at the moment is in good hands. With unquestioned support provided by Philip V. Bancroft, CFO, again with an illustrious work lineage starting with pricewaterhousecooper's insurance business. The team these two have built uses strong analytical skills, breadth of resources and global reach to deliver quality products and exceptional service. ACE Limited as an entity was established in 1... More...

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