2010-09-14 ACE Limited (NYSE: ACE) 8-K

http://www.sec.gov/Archives/edgar/data/896159/000119312510209901/0001193125-10-2099...
-----BEGIN PRIVACY-ENHANCED MESSAGE----Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NMF/e8GSAWvR4aPA5K2RYBTeDcqOBQzNE/abEUM2QV5XXcxCyd2OMRBVd7FEC3x9 Ip6csGGGIkmIAeaQrdhGag== <SEC-DOCUMENT>0001193125-10-209901.txt : 20100914 <SEC-HEADER>0001193125-10-209901.hdr.sgml : 20100914 <ACCEPTANCE-DATETIME>20100914165447 ACCESSION NUMBER: 0001193125-10-209901 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100914 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100914 DATE AS OF CHANGE: 20100914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL INDEX KEY: STANDARD INDUSTRIAL CLASSIFICATION: IRS NUMBER: STATE OF INCORPORATION: FISCAL YEAR END: FILING VALUES: FORM TYPE: SEC ACT: SEC FILE NUMBER: FILM NUMBER: BUSINESS ADDRESS: STREET 1: CITY: STATE: ZIP: BUSINESS PHONE: MAIL ADDRESS: STREET 1: STREET 2: CITY: STATE: ZIP: FORMER COMPANY: FORMER CONFORMED NAME: DATE OF NAME CHANGE: </SEC-HEADER> <DOCUMENT> <TYPE>8-K <SEQUENCE>1 <FILENAME>d8k.htm <DESCRIPTION>FORM 8-K <TEXT> <HTML><HEAD> <TITLE>Form 8-K</TITLE> </HEAD> <BODY BGCOLOR="WHITE"> 8-K 1934 Act 001-11778 101071928 BARENGASSE 32 ZURICH CH-8001 V8 00000 441 295 5200 ACE BUILDING 17 WOODBOURNE AVENUE HAMILTON HM08 D0 00000 ACE LTD 19930122 ACE Ltd 0000896159 FIRE, MARINE & CASUALTY INSURANCE [6331] 000000000 V8 1231
 SECURITIES AND EXCHANGE COMMISSI Washington, D.C. 20549 </FON </center> <center> Current Report Pursuant to Section 13 or Securities Exchange Act of 1934 Date of Report (Date of earlies <center> ACE Limited (Exact name of registrant as spe <center> <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center"> <TR> <TD WIDTH="34%"></TD> <TD VALIGN="bottom" WIDTH="1%"></TD> <TD WIDTH="32%"></TD> <TD VALIGN="bottom" WIDTH="1%"></TD> <TD WIDTH="32%"></TD></TR> <TR> <TD VALIGN="top" ALIGN="center">Switzerland</TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="top" ALIGN="center">1-11778</TD> <TD VALIGN="bottom"> </TD>
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<TD VALIGN="top" ALIGN="center">98-0091805</TD></TR> <TR> <TD VALIGN="top" ALIGN="center">(State or other jurisdiction)</TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="top" ALIGN="center">(Commission File Number)</TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="top" ALIGN="center"> Identification No.)</ Baerengasse 32 CH-8001 Zurich, Switzerland (Address of principal executive Registrants telephone num Not applicable (Former name or former address, <center> Check the appropriate box below i under any of the following provisions (see General Instruction A.2. below): <TR> <TD WIDTH="4%" VALIGN="top" ALIGN="left">¨</FO <TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="4%" VALIGN="top" ALIGN="left">¨</FO <TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange A <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="4%" VALIGN="top" ALIGN="left">¨</FO <TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="4%" VALIGN="top" ALIGN="left">¨</FO <TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under <HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="9%" VALIGN="top" ALIGN="left">Item 1.01.</TD> <TD ALIGN="left" VALIGN="top">Entry into a Material Definitive Agreement. </TD>< On September 14, 2010, ACE Am an indirect wholly owned subsidiary of ACE Limited (ACE), Raha Iowa Acquisition Corp., an Iowa corporation (Merger Sub) a Agreement and Plan of Merger (the Merger Agreement) with Rain and Hail Insurance Service, Inc., an Iowa corporation (Rain Sub will be merged with and into Rain & Hail (the Merger), with Rain & Hail continuing as the surviving corporation (the Common Stock) of Rain & Hail (other than those shares of Common Stock held by ACE American or Rain & Hail or a aggregate value of the cash consideration payable in the Merger is approximately $1.1 billion, based upon current estimates of Rain & Ha the outstanding shares of Common Stock. <FONT STYLE="font-family:Times N the satisfaction of customary conditions, including the expiration or termination of the Hart-Scott-Rodino waiting period and the approvals of ce including, among other things, with respect to the operation of the business of Rain & Hail and its subsidiaries between the signing of acquisition proposals by Rain & Hail. In addition, the transaction is subject to approval by the holders of the outstanding shares of Co Hails employee stock ownership plan. Consummation of the Merger does not require the approval of ACEs shareholders and is not conditi The Merger Agreement contains cus Agreement will generally survive until December 28, 2011. Pursuant to the Merger Agreement, following the consummation of the Merger, ACE is to a deductible and an aggregate cap. <FONT STYLE="font-family:Times New does not occur by June 30, 2011. In connection with the termination of the Merger Agreement under specified circumstances, Rain & H In connection with the Merger Agr pursuant to which such shareholders have committed, among other things, to vote the shares of Common Stock beneficially owned by them, which repr Merger. The foregoing subject to, and qualified in its entirety by, the full text of the Merger Agreement, a copy of which will be filed as an exhibit to ACEs Qu <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="9%" VALIGN="top" ALIGN="left">Item 7.01.</TD> <TD ALIGN="left" VALIGN="top">Regulation FD Disclosure. </TD></TR></TABLE> On September 14, 2010, ACE is above. A copy of the press release is attached as Exhibit 99.1 hereto. &nb <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="9%" VALIGN="top" ALIGN="left">Item 9.01.</TD> <TD ALIGN="left" VALIGN="top">Financial Statements and Exhibits. </TD></TR></TAB (d) Exhibits. < <TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%"> <TR> <TD WIDTH="8%"> </TD> <TD WIDTH="5%" VALIGN="top" ALIGN="left">99.1</TD> <TD ALIGN="left" VALIGN="top">Press Release dated September 14, 2010. </TD></TR></ <HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
SIGNATURES Pursuant to the requirements of t behalf by the undersigned hereunto duly authorized. <DIV ALIGN=" <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0"> <TR> <TD WIDTH="6%"></TD> <TD VALIGN="bottom" WIDTH="1%"></TD> <TD WIDTH="93%"></TD></TR>
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<TR> <TD VALIGN="top" COLSPAN="3">ACE LIMITED</TD></TR> <TR> <TD HEIGHT="16"></TD> <TD HEIGHT="16" COLSPAN="2"></TD></TR> <TR> <TD VALIGN="top">By:</TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="bottom"> <TD VALIGN="top"></TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="bottom">Name: Robert F. Cusumano</TD></TR> <TR> <TD VALIGN="top"></TD> <TD VALIGN="bottom"> </TD> <TD VALIGN="bottom">Title: General Counsel</TD></TR></TABLE></DIV> </BODY></HTML> </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>EX-99.1 <SEQUENCE>2 <FILENAME>dex991.htm <DESCRIPTION>PRESS RELEASE <TEXT> <HTML><HEAD> <TITLE>Press Release</TITLE> </HEAD> <BODY BGCOLOR="WHITE">
Exhibit 99.1 ACE to Acquire Rain and Hail In Company to Operate as Core of AC ZURICH September 14, 2010 outstanding common stock of Rain and Hail Insurance Service, Inc. not currently owned by ACE for approximately $1.1 billion in cash. A pioneer in Johnston, Iowa, is the second largest crop insurance underwriter, providing comprehensive multiple peril crop and crop-hail insurance protection ACE currently owns approximately 20% of the outst franchise within the companys ACE Westchester division and Insurance-North America operations. <P STYLE="margin-top:12px;margin extension of our long-term, valued relationship with Rain and Hail and our companys specialty lines focus, said Evan G. Greenberg, Ch business, and over the course of our relationship with them, we have been impressed by their best-in-class management team and the strength and r The addition of Rain and Hail to the ACE Gr accretive to our earnings, return on equity and book value per share, said Mr. Greenberg. This is a business we know well, and w The transaction, which is subject to regulatory a completed by the end of 2010. The purchase price is subject to adjustment to reflect the book value of Rain and Hail as of December 31, 2010 information with respect to the transaction is posted on the Companys website in the Investor Information section. The URL reference is: ht Celebrating 25 years of insuring progress, the AC ACE Limited (NYSE: ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subs Cautionary Statement Regarding All forward-looking statements made in this pre otherwise, reflect ACEs current views with respect to future events, business transactions and business performance and are made pursuant t <HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause forth in these statements. For example, ACEs forward-looking statements related to Rain and Hail Insurance Service, Inc. and the anticipate Service, Inc. and its subsidiaries were to perform differently than currently expected by ACE or if anticipated expense-related efficiencies are affected by competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency of unpredictable catastro activities and performance of acquired companies, new theories of liability, judicial, legislative, regulatory and other governmental development amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and well as managements response to these factors, and other factors identified in the companys filings with the Securities and Exchange speak only as of the dates on which they are made. The company undertakes no obligation to publicly update or revise any forward-looking statemen Contact Information Helen M. Wilson helen.wilson@acegroup.com Contact: Stephen M. Wasdick (212) 827-4444 stephen.wasdick@acegroup.com </BODY></HTML> </TEXT> </DOCUMENT> </SEC-DOCUMENT> -----END PRIVACY-ENHANCED MESSAGE-----
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2010-09-14 ACE Limited (NYSE: ACE) 8-K

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2010-09-14 ACE Limited (NYSE: ACE) 8-K

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http://www.sec.gov/Archives/edgar/data/896159/000119312510209901/0001193125-10-2099...

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