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Violation Tracker Individual Record

Company: ACE, Ltd
Current Parent Company: Chubb Limited
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $80,000,000
Year: 2006
Date: April 26, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: The attorneys general of Connecticut, Illinois and New York announced an $80 million agreement with ACE, Ltd, a Bermuda-based holding company that trades on the New York Stock Exchange, to resolve allegations of bid-rigging and improper finite reinsurance transactions.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.