0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
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NEW YORK (AP) - Bermuda-based insurer and reinsurer Ace Ltd. said Monday that its subsidiary, U.S.-based Ace INA Holdings Inc., plans to sell $450 million of senior notes.
| ACE | 54.83 |  0.22 |
Ace plans to use the net proceeds from the sale to redeem preferred shares. The notes sale is subject to market conditions.
Citigroup Global Markets, JP Morgan Securities and Wachovia Capital Markets are underwriting the proposed offering. The notes will be guaranteed by Ace.
Ace shares gained 48 cents to $60.22 in morning trading.
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