-----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, KpKO7I+uoKbpkyRtnHZ2F5CSYTsxBM4jA+mRnJCAp9PW/ECOZF7fFyGUzse0KSzg 8zR83urIK/EiafE7NOr/hg== 0000902561-98-000556.txt : 19981228 0000902561-98-000556.hdr.sgml : 19981228 ACCESSION NUMBER: 0000902561-98-000556 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981222 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19981223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACE LTD CENTRAL INDEX KEY: 0000896159 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11778 FILM NUMBER: 98774445 BUSINESS ADDRESS: STREET 1: ACE BLDG STREET 2: P O BOX HM 1015 CITY: HAMILTON HM 08 BERMU STATE: D0 BUSINESS PHONE: 8092955200 MAIL ADDRESS: STREET 1: P O BOX HM 1015 CITY: HAMITON BERMUDA STATE: D0 8-K 1 SECURITITES 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) December 22, 1998 ACE LIMITED - ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Cayman Islands 1-11778 Not Applicable - ------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission I.R.S. Employer (of Incorporation File Number) Identification No.) The ACE Building 30 Woodbourne Avenue Hamilton, Bermuda HM08 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (441) 295-5200 --------------- Not Applicable - ------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On December 22, 1998, ACE Limited ("ACE") and CIGNA Corporation ("CIGNA") announced that they are discussing a global strategic alliance, including the possible acquisition of CIGNA's domestic and international property and casualty business by ACE. Included as Exhibit 99.1 to this Current Report on Form 8-K is a copy of the press release. Item 7. Exhibits. 99.1 Press Release, dated December 22, 1998 1 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: December 23, 1998 ACE LIMITED By: /s/ Christopher Z. Marshall ----------------------------- Christopher Z. Marshall Chief Financial Officer 2 EXHIBIT INDEX Exhibit Number Description - ---------- 99.1 Press Release, dated December 22, 1998 3 EX-99.1 2 PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contacts: Edwin J. Detrick, CIGNA Financial Relations -- 215-761-6130 Michael J. Monroe, CIGNA Media Relations -- 215-761-6133 Christopher Marshall, ACE Investor Relations -- 441-299-9231 Wendy Davis Johnson, ACE Media Relations -- 441-299-9347 CIGNA AND ACE CONFIRM DISCUSSIONS --------------------------------- PHILADELPHIA, PA and HAMILTON, Bermuda, December 22, 1998 -- Although premature to speculate on the outcome, CIGNA Corporation (NYSE: CI) and ACE Limited (NYSE: ACL) confirm that they are discussing a global strategic alliance. The discussions include the possible acquisition of CIGNA's domestic and international property and casualty businesses by ACE. These discussions are focused on strengthening the global capabilities of both companies. The terms of the possible alliance have not yet been finalized although the parties expect the final purchase price to be materially in excess of $3 billion. Brian Duperreault, Chairman, President and Chief Executive Officer of ACE stated, "This would be a unique opportunity for ACE to acquire one of the premier global property and casualty franchises." Until a final agreement is reached, neither ACE nor CIGNA will have further comments. There can be no assurance that a definitive agreement will be reached. # # # -----END PRIVACY-ENHANCED MESSAGE-----