Ace has announced plans for an initial public offering (IPO) of its financial guaranty business, revealed a report.
Ace said the new company would be a Bermuda-based holding company that would acquire the stock of Ace's subsidiaries that current conduct its financial guarantee business. These would include Ace Capital Re International and Ace Guarantee Corporation, said the report.
Ace intends to offer between 65 and 75% of its interest in the new company. It said the IPO would be completed sometime in the first half of 2004, depending on market conditions and regulatory approval, the report concluded.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
