ACE moves Holding Company from Cayman to Switzerland
On July 21, 2008, ACE Limited announced the completion of the previously-announced re-domestication of the holding company from the Cayman Islands to Switzerland.
ACE Limited will continue to be registered with the Securities and Exchange Commission (SEC) and prepare its financial statements in USD and according to US GAAP reporting requirements. The company’s shareholders will go on receiving dividends in USD, and, as previously, the common shares will trade on the New York Stock Exchange under the same ticker symbol (“ACEâ€).
On July 10 and July 14, 2008, the ACE Annual General Meeting was held. At the meeting, the shareholders approved all proposals voted upon.
The re-domestication of the company became official after governmental filings were made in Cayman and in Switzerland and after the holding company was set up in Zurich.