The Board of Directors of ACE Limited (NYSE: ACL) today declared a quarterly dividend of 13 cents per ordinary share payable on January 12, 2001 to shareholders of record at the close of business on December 29, 2000.
The Board also authorized the repurchase of any ACE issued debt or capital securities, including ACE's ordinary shares, up to an aggregate total of $250 million. These repurchases may take place from time to time in the open market or in private purchase transactions.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at:
www.acelimited.com
.