‘ACE Risk Management Global Casualty’ delivers single source
solution for U.S. and Canadian customers with international exposures to
access global primary casualty insurance products
PHILADELPHIA--(BUSINESS WIRE)--
ACE today launched a new division that consolidates its U.S. and global
casualty offerings to create ACE Risk Management® Global
Casualty. The division will provide more efficient underwriting and
servicing for large multinational companies, as well as smaller but
growing companies that may be increasing their operations in additional
jurisdictions around the world.
ACE Risk Management Global Casualty combines and leverages the strengths
of two established and proven divisions within ACE USA — ACE Risk
Management and ACE Foreign Casualty — to provide a single source for
specialized products and improved alignment among underwriting, claims,
actuarial, legal, credit and other services that support domestic and
global casualty products. Whether clients have executives traveling
overseas once a year or operations in 150 countries, ACE Risk Management
Global Casualty provides the products they need.
Matt Merna will lead this expanded team of professionals as Division
President of ACE Risk Management Global Casualty. Previously, Mr. Merna
served as Division President of ACE Risk Management. Mr. Merna will
continue to report to Chris Maleno, Division President of ACE USA.
“As companies of all sizes continue to grow and expand their operations
globally, the foreign exposures and risks they face have never been
greater or more difficult,” said Mr. Maleno. “We are positioned to
provide a robust suite of programs that are innovative and well-aligned
with our customers’ needs, such as our distinctive master general
liability policy that insures domestic and global exposures to reduce
coverage lapses and streamline service delivery.”
ACE Risk Management clients and ACE Foreign Casualty clients will
continue to receive superior service and access to the full suite of
products and services they have come to trust. In addition, in the U.S.
and Canada, ACE Risk Management Global Casualty clients will now be able
to further customize their coverages and access several of ACE’s
effective technology solutions to manage their insurance program across
their organization and the geographies within which they operate.
Products include:
-
ACE Advantage® – a specialized international package of insurance for
U.S.-based companies, non-profit organizations and educational
institutions that have employees or volunteer workers who travel, work
or sell products overseas, or that have locations outside the U.S.
-
ACE Atlas CMPSM – customized insurance and risk management
solutions for U.S.-based corporations and multinationals with large or
complex operations and exposures outside the U.S. Solutions include
U.S. Controlled Master Program policy with admitted local policy
placement(s), flexible program structures, and tailored risk transfer
options.
-
ACE Cash Flow – comprehensive risk management programs, services and
specialty products to ultimately meet and safeguard the needs of large
U.S. multinational companies.
To further grow its operations and expand its reach, ACE Risk Management
Global Casualty will continue to leverage the strength of the ACE global
network. This worldwide market presence enables ACE to issue or arrange
for local policies in nearly 200 countries around the world and is
supported by ACE’s service and technology solutions, including ACE
Worldview®.
ACE Worldview is an interactive portal that delivers domestic and
international policies and other documents electronically. This portal
also provides customized reporting tools for managing and tracking
program information. ACE Worldview is unique in the industry and
exclusive to ACE. To learn more about ACE Worldview, please visit
our website.
ACE Risk Management Global Casualty, a division of ACE USA, offers
comprehensive risk management programs and services that are uniquely
designed and customized to assist companies in any industry dealing with
the significant costs of financing and managing risks. To learn more
about the products and services of ACE Risk Management Global Casualty,
please visit
our website. Insurance is provided by insurance companies within ACE
Group. All products may not be available in all jurisdictions. The
product information above is a summary only. The insurance policy
actually issued contains the terms and limits of the contract.
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident supplemental
health insurance, reinsurance, and life insurance to a diverse group of
clients. ACE Limited, the parent company of ACE Group, is listed on the
New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500
index. Additional information can be found at www.acegroup.com,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
Source: ACE Group