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) May 19, 1999
ACE LIMITED
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(Exact name of registrant as specified in its charter)
Cayman Islands 1-11778 98-0091805
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(State or other jurisdiction (Commission I.R.S. Employer
(of Incorporation File Number) Identification No.)
The ACE Building
30 Woodbourne Avenue
Hamilton, Bermuda HM 08
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including are code: (441) 295-5200
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Not Applicable
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(Former name or former address, if changed since last report)
1
On January 12, 1999, ACE Limited ("ACE") announced that it had signed
an agreement to purchase the U.S. domestic and international property and
casualty insurance business of CIGNA Corporation (the "Acquired Business"). The
closing of the transaction is subject to a number of conditions, including
various regulatory approvals. The transaction is currently expected to close on
or about July 1, 1999.
Included as Exhibit 99.1 to this Current Report on Form 8-K is
condensed consolidated unaudited pro forma financial information for ACE for the
year ended September 30, 1998 and as of and for the three months ended March 31,
1998. Included as Exhibit 99.2 to this Current Report on Form 8-K are audited
financial statements for the Acquired Business for each of the years in the
three-year period ended December 31, 1998.
Item 7. Financial Statements and Exhibits.
(a) Pro Forma Financial Information
See Exhibit 99.1
(b) Audited Financial Statements of Acquired Business
See Exhibit 99.2
(c) Exhibits
2
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 thereunto duly authorized.
Dated: May 19, 1999 ACE LIMITED
By: /s/ Christopher Z. Marshall
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Christopher Z. Marshall
Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Unaudited pro forma condensed consolidated financial information
of ACE.
99.2 Audited financial statements for the Acquired Business for each
of the years in the three-year period ended December 31, 1998.