Bloomberg News

Ace Proposes Raising Insurer’s Dividend to 47 Cents a Share

November 17, 2011

Nov. 17 (Bloomberg) -- Ace Ltd., the insurer led by Evan Greenberg, said its board recommended an increase of more than 30 percent in the quarterly dividend.

The dollar-denominated dividend would climb to 47 cents a share from 35 cents under the proposal, the Zurich-based insurer said today in a statement distributed by Business Wire.

--Editor: Dan Kraut

To contact the reporter on this story: Noah Buhayar in New York at Nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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