UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant To Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) – September 22, 2005
ACE Limited
(Exact name of registrant as specified in its charter)
| Cayman Islands | 001-11778 | 98-0091805 | ||
| (State or other jurisdiction) | (Commission File Number) | (I.R.S. Employer of Incorporation Identification No.) |
ACE Global Headquarters
17 Woodbourne Avenue
Hamilton HM 08 Bermuda
(Address of principal executive offices)
Registrant’s telephone number, including area code: (441) 295-5200
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (seeGeneral Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
ACE Limited has resolved a lawsuit brought by the Connecticut Attorney General, and will pay $40,000 in exchange for a release of Connecticut’s claims and a withdrawal of the lawsuit.
The claims related to certain underwriting practices associated with an $80 million portfolio of Connecticut workers compensation claims which the company is administering.
On March 21, 2005, the company filed a motion to dismiss the case, stating it believed the case was without merit. The decision to settle avoids the cost of further litigation.
ACE will continue to administer its contract with the state and continue with its business of handling workers compensation claims for Connecticut.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ACE LIMITED. | ||||
| By: | /s/ Paul Medini | |||
| Paul Medini | ||||
| Chief Accounting Officer | ||||
| DATE: September 22, 2005 | ||||
