Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

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, 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
Purchase price allocation adjustment	—			—		4			—		—			4
Acquisition of Samaggi	—			—		46			—		—			46
Acquisition of Itaú Seguros	—			—		449			—		—			449
Foreign exchange revaluation and other	(4		)	—		(187		)	—		(7		)	(198		)
Balance at December 31, 2014	$	1,211		$	134	$	2,366		$	365	$	828		$	4,904

Schedule of VOBA roll-foward

The following table presents a roll-forward of VOBA:

(in millions of U.S. dollars)	2014			2013			2012
Balance, beginning of year	$	536		$	614		$	676
Amortization expense	(51		)	(64		)	(82		)
Foreign exchange revaluation	(19		)	(14		)	20
Balance, end of year	$	466		$	536		$	614

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)
2015	$	97	$	44
2016	75		41
2017	67		37
2018	61		33
2019	55		30
Total	$	355	$	185