Moody's Investors Service announced that Ace Bermuda Insurance has been assigned Aa3 (excellent) insurance finacial strength with a stable outlook.
Ace Bermuda is a a significant underwriter of specialty and commercial casualty, financial and property insurance. Ace Bermuda reported gross written premiums of $1.1bn for 2001 and a net loss of $20m. This compares with a GWP of $598m and a net income of $222m in 2000.
