ACE Insurance Ltd. (Singapore) - S&P Global Ratings’ Credit Research

ACE Insurance Ltd. (Singapore)

ACE Insurance Ltd. (Singapore) - S&P Global Ratings’ Credit Research
ACE Insurance Ltd. (Singapore)
Published Aug 29, 2014
2269 words — Published Aug 29, 2014
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Highly strategic subsidiary of the ACE group The ratings on ACE Insurance Ltd. (Singapore) are based on our view of the insurer's highly strategic role in the ACE group (core operating subsidiaries rated AA/Stable/--). We rate highly strategic subsidiaries one notch lower than core operating subsidiaries. In our opinion, ACE Singapore is integral to the ACE group's business strategy of developing its global presence. The company benefits from sharing the group's brand and strategy and cedes a portion of its premiums to a reinsurance subsidiary under the group. Hence, we believe that the group is unlikely to divest its stake in ACE Singapore. The company's contribution to the group's capital and earnings is not significant--representing less than 5%--and limits the

  
Brief Excerpt:

RESEARCH ACE Insurance Ltd. (Singapore) Publication date: 29-Aug-2014 Primary Credit Analyst: Philip P Chung, CFA, Singapore (65) 6239-6343; philip.chung@standardandpoors.com Secondary Contact: Austin Oh, Hong Kong (852) 2533-3508;...

  
Report Type:

Full Report

Ticker
ACE
Issuer
ACE Insurance Ltd. (Singapore)
GICS
Multi-line Insurance (40301030)
Sector
Global Issuers
Country
Singapore
Region
Europe, Middle East, Africa
Format:
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ACE Insurance Ltd. (Singapore) – 2015/08/31 – US$ 500.00

Summary: ACE Insurance Ltd. (Singapore) – 2015/08/31 – US$ 225.00

Chubb Insurance Singapore Ltd. – 2016/08/23 – US$ 500.00

Summary: Chubb Insurance Singapore Ltd. – 2016/08/23 – US$ 225.00

Summary: ACE Insurance Ltd. (Singapore) – 2014/08/29 – US$ 225.00

ACE Insurance Ltd. (Singapore) – 2013/08/30 – US$ 500.00

Summary: ACE Insurance Ltd. (Singapore) – 2013/08/30 – US$ 225.00

ACE Insurance Ltd. (Singapore) – 2012/06/28 – US$ 500.00

Summary: ACE Insurance Ltd. (Singapore) – 2012/06/28 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "ACE Insurance Ltd. (Singapore)" Aug 29, 2014. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/ACE-Insurance-Ltd-Singapore-1355833>
  
APA:
S&P Global Ratings’ Credit Research. (). ACE Insurance Ltd. (Singapore) Aug 29, 2014. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/ACE-Insurance-Ltd-Singapore-1355833>
  
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