The Board of Directors of ACE Limited (NYSE: ACL) today voted to increase the quarterly dividend to 9 cents per ordinary share from 8 cents per ordinary share, payable on July 17, 1998 to shareholders of record at the close of business on June 30, 1998. During the last 12 months, the company has announced increases in the quarterly dividend totaling 22 percent, and a three-for-one stock split.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of international clients. Operating subsidiaries are based in Bermuda, the United States, the United Kingdom (Lloyd's), and the Republic of Ireland. At March 31, 1998, ACE Limited has approximately $2.8 billion in shareholders' equity and approximately $7.0 billion in assets.