New High Net Worth Insurance category reflects a growing recognition
among wealth advisors that personal insurance plays an important role in
total asset management
PHILADELPHIA--(BUSINESS WIRE)--
ACE Private Risk Services, the high net worth personal insurance
business of the ACE Group, has been recognized as the Best High Net
Worth Insurance Company by Private Asset Management (PAM),
a leading publication that covers the wealth management and family
office industry. This is the first year PAM included a category
for high net worth companies.
“We’re honored to be the inaugural recipient of Private Asset
Management’s Best High Net Worth Insurance Company,” said Bob
Courtemanche, Chairman of ACE Private Risk Services. “Since ACE Private
Risk Services entered the market in 2008, we have become a leader by
being the most client-centric and innovative insurer that focuses on
successful families and individuals. We’ve differentiated ourselves by
offering clients simplicity, flexibility, and specialized coverage and
services to meet their complex needs. In 2013, we also continued to
demonstrate our commitment to innovation by rolling out a Group Umbrella
Liability Program for members of associations and employees or clients
of companies; expanding the Blanket Property Program for ultra-high net
worth clients who own multiple homes in different areas; and building on
our groundbreaking Home Contents Valuation Service by further refining
our knowledge base for helping clients properly set coverage for the
contents of their home.”
The Private Asset Management Awards recognize companies that
have successfully serviced high net worth individuals in an increasingly
complex economic environment. The judging process, using an independent
panel made up of industry experts, is based on a mixture of qualitative
and quantitative performance indicators including growth, client
satisfaction, and product innovation. To learn more about the award,
please click
here.
About ACE Private Risk Services
ACE Private Risk Services is ACE Group’s high net worth personal
insurance business, which provides specialty coverage for homeowners,
automobile, recreational marine, umbrella liability and collections
insurance for financially successful individuals and families. Policies
are issued by Bankers Standard Insurance Co., ACE Insurance Co. of the
Midwest, and Atlantic Employers Insurance Co. Additional information can
be found at: www.aceprs.com.
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 and
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.
Source: ACE Private Risk Services