The Board of Directors of ACE Limited (NYSE: ACE) announced yesterday that they will recommend that shareholders approve a 7% increase in the dollar-denominated dividend, to USD 1.24 annually (USD 0.31 per quarter), from the USD 1.16 dividend approved in 2008. ACE also has announced that it is seeking regulatory authorization to insulate dividend payments from currency fluctuations. If such approval is granted, ACE will seek shareholder approval for this method of payment in its Proxy Statement.
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.