Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill roll-forward by business segment

The following table presents a roll-forward of Goodwill by segment:

(in millions of U.S. dollars)	Insurance – North American P&C			Insurance – North American Agriculture		Insurance – Overseas General			Global Reinsurance		Life			ACE Consolidated
Balance at December 31, 2011	$	1,216		$	134	$	1,603		$	365	$	830		$	4,148
Purchase price allocation adjustment	—			—		—			—		4			4
Acquisition of JaPro	—			—		123			—		—			123
Foreign exchange revaluation and other	3			—		38			—		3			44
Balance at December 31, 2012	$	1,219		$	134	$	1,764		$	365	$	837		$	4,319
Acquisition of Fianzas Monterrey	—			—		135			—		—			135
Acquisition of ABA Seguros	—			—		283			—		—			283
Foreign exchange revaluation and other	(4		)	—		(128		)	—		(2		)	(134		)
Balance at December 31, 2013	$	1,215		$	134	$	2,054		$	365	$	835		$	4,603

Schedule of VOBA roll-foward

The following table presents a roll-forward of VOBA:

(in millions of U.S. dollars)	2013			2012			2011
Balance, beginning of year	$	614		$	676		$	634
Acquisition of New York Life's Korea operations and Hong Kong operations	—			—			151
Amortization expense	(64		)	(82		)	(108		)
Foreign exchange revaluation	(14		)	20			(1		)
Balance, end of year	$	536		$	614		$	676

Schedule of estimated amortization expense related to VOBA

The following table presents estimated amortization expense related to other intangible assets and VOBA for the next five years:

For the Year Ending December 31	Other intangible assets		VOBA
(in millions of U.S. dollars)
2014	$	81	$	55
2015	62		50
2016	55		45
2017	52		40
2018	49		35
Total	$	299	$	225