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ACE Ltd. And Core Operating Companies Oct 11
Standard & Poors, Oct 2011
Abstract
Very strong competitive position, with a global presence in more than 50 countries and significant diversification by product line and sector Very strong operating performance Experienced management team and successful corporate strategy that have produced strong earnings Very strong capital adequacy Conservative investment portfolio and very strong liquidity Moderate amount of recoverables, run-off reserves, and intangibles on the balance sheet, though this risk is decreasing Moderate reinsurance utilization in certain lines Changing risk profile because of growth into new lines and geographies The counterparty credit rating on ACE Ltd. and the insurer financial strength ratings on its core operating companies (collectively referred to as ACE) reflect the group's very strong competitive position and operating performance, as well as its experienced...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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