PARIS--(BUSINESS WIRE)--
ACE Group today announced the launch of a new luxury goods practice
across Continental Europe, as it continues to build its presence in this
important sector of the European economy.
The launch of the practice follows research by ACE where almost six in
ten European luxury goods companies taking part report that
globalisation has increased the interdependency of risks they face.
Respondents believe that the luxury goods industry faces greater
reputational risk than those in other industries.
ACE already offers comprehensive risk management and insurance solutions
for many of the Continent’s major luxury goods companies active in the
watches, jewellery, apparel, cosmetics, perfumes and fashion goods
sectors. The new practice brings together under a single team, the
company’s expertise across the region and the world with the objective
of further strengthening broker and client relationships and driving
seamless solutions for buyers.
The practice comprises experts in four markets who will act as contact
points for brokers and their luxury goods industry clients:
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Olivier Roussel, France – based in Paris
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Stephan Best, Germany – based in Frankfurt
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Thomas Kemper, Switzerland – based in Zurich
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Francesco Ilgrande, Italy – based in Milan
Olivier Roussel, Director, Major & International Accounts for ACE in
France and Practice Head said:
“The luxury goods sector is symbolic of how successful European
companies can be globally – and a crucial contributor to growth and job
creation. But, as luxury goods companies grow and expand abroad, they
face new exposures and a series of new, emerging risks. The launch of
our luxury goods practice will further enable us to help our luxury
goods clients to face this emerging complex array of risks with
sophisticated risk management solutions.”
ENDS
About ACE:
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 the ACE
Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index.
Visit www.acegroup.com/eu
Source: ACE Group