FRANKFURT, Germany--(BUSINESS WIRE)--
ACE Group has launched two new D&O insurance products and has appointed
a new Financial Lines Manager in Germany, as it continues to respond to
the rapidly evolving management liability cover needs of companies in
Europe’s biggest economy.
ACE D&O ProElite Domestic 2015 is designed to reflect the continuously
evolving risk environment in the area of liability and claims against
directors and officers. The new policy offers additional and innovative
coverage enhancements and is suitable for companies in all sectors and
of all sizes, private and listed, including large multinationals. The
product’s features include among others, preservation of Side A limit,
professional and contractual liability cover, as well as a legal and a
crisis communications helpline. The cover can also be structured as a
multinational insurance programme.
D&O Express has been designed for the needs of brokers and their small
and medium-sized clients. The new product is available online and
provides cover through a simplified underwriting process, which allows
for the instant online issuing of D&O policies and quotes, with complete
privacy. Additionally, brokers are able to change information included
in contracts such as expiry dates, addresses and term and conditions,
online and without delay. Furthermore, the product offers an extended
reporting period of up to twelve years and an unlimited extended
reporting period for retired insured persons.
D&O Express is the first product to be included in ACE’s new EASYACE
insurance proposition in Germany, providing efficient service to brokers
and their small and medium- sized commercial clients.
Additionally, Jana Dünkeloh has been appointed to the new role of
Financial Lines Manager for Germany, effective immediately. In her new
role, Jana will be responsible for the performance and the profitable
growth of ACE’s financial lines portfolio in Germany and Austria, with
an emphasis on the further development of the company’s D&O offering.
Jana has 13 year of financial lines experience. She joined ACE in 2007
as Senior Financial Lines Underwriter for Germany and for the past four
years she has been Deputy Financial Lines manager. Previously she held
financial lines underwriting roles for global insurers in Germany and in
London.
Andreas Wania, Country President for ACE in Germany, said:
“Management liability is becoming an increasingly important risk for
German companies of all sizes, with smaller ones frequently more
vulnerable to this type of external threat and large multinationals
facing an increasingly complex regulatory environment. The two new
products and Jana’s appointment underline our commitment to further
respond to the rapidly evolving market needs in this risk category and
provide a best-in-class proposition for our clients and brokers in
Germany.”
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
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Source: ACE Group