ACE Limited, the Swiss-incorporated parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 stock index. The ACE Group maintains executive offices in Zurich, Bermuda and New York, among other locations, and employs more than 15,000 people worldwide. Established in 1985 by 34 founding sponsors to provide hard-to-find excess liability and directors and officers coverage, ACE was described by Institutional Investor magazine as "the biggest event in the insurance business since the Great Chicago Fire."
With assets of $78 billion, The ACE Group is one of a very few truly global commercial property and casualty insurance companies, with a physical presence in 53 countries and commercial and individual customers in more than 170 countries.