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 ACE Milestones

About ACE - ACE Hong Kong - ACE Heritage - INA



ACE History and Key Achievements

 

1792

The Insurance Company of North America is established as the first stock insurance company in North America (INA was acquired by ACE in 1999).

1794

INA is the first insurance company to cover building contents against fire.

1808

INA developed the American insurance agency system.

1897

INA became the first American company to write in China .

1918

INA helped found the American Foreign Insurance Association (AFIA).

1946

INA established an international department for worldwide business.

1985

ACE Limited is established, with INA as one of its initial contributors.

1993

ACE Limited successfully completed its initial public offering (NYSE: ACE).

1996

ACE first entered the Lloyds of London market.

1996

ACE acquired Tempest Re, a leading catastrophe reinsurance company.

1999

ACE acquired the U.S. and international property-casualty operations of CIGNA Corporation, giving ACE businesses in nearly 50 countries around the world.

2002

ACE becomes a component of the Standard & Poor's (S&P) 500, an index of 500 stocks chosen for market size, liquidity, and industry group representation.

2002

ACE entered into a strategic business partnership with Huatai Insurance Company of China .

2004

ACE's strategic partner, Huatai, received permission to establish a life insurance company in China . This represented the first time that China has permitted a non-life company to also establish a life company.

2005

ACE received regulatory approvals to begin providing Life Insurance in Vietnam and Taiwan and Commercial Property & Casualty Insurance in Poland and Russia .

2006

ACE received regulatory approval to commence Non-Life business in Vietnam and re-establishes operations in South Africa

2007

ACE purchased Atlas Cumbres Life Insurance Company in Peru, Latin America ; one of the country's fastest growing companies to gain market share ACE opened offices in Hungary and Czech Republic to further expand its presence within Central and Eastern Europe


 


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