TORONTO--(BUSINESS WIRE)--
ACE Group (NYSE: ACE) today announced the strengthening of its global
primary casualty offering with an expanded service platform designed to
protect the multinational business activities of Canadian companies. ACE
Risk Management Global Casualty ushers in a dedicated team of
underwriting professionals and an enhanced suite of insurance products
to help Canadian multinationals navigate the emerging risks,
country-specific regulation, and foreign exposures associated with
expansion. This move means ACE can better service large Canadian
multinational companies, as well as smaller but growing companies that
may be interested in increasing their operations both in North America
and around the world.
Matt Merna, Division President of ACE Risk Management Global Casualty
said, “Canadian companies are looking for the best risk management
solutions, given their unique challenges, while they conduct business in
Canada as well as in other countries across the globe. Our experience
dealing with many of the largest companies worldwide, provides us with a
unique opportunity to provide customized solutions for these clients.”
Andy Hollenberg, Country President for ACE in Canada said, “We
understand the unique needs of Canadian clients and are growing our
capabilities to better service them. The addition of ACE Risk Management
Global Casualty specialized products further enhances our offerings in
Canada, and together with our depth of experience, appetite for risk,
and global network, makes ACE a valued partner for large Canadian
clients.”
ACE Risk Management Global Casualty has assembled a team of highly
experienced professionals whose expertise in writing complex programs
helps clients effectively manage their risks. An enhanced model provides
a robust suite of programs delivered by a fully aligned team of
underwriting, claims, actuarial, legal, credit, and other services.
Program structures include: High deductibles, fronts, captives,
self-insured retentions (SIRs), and the following guaranteed cost
options:
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Up to $5,000,000 primary general liability and automobile policy limits
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Foreign Casualty
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Contingent Automobile Liability & Physical Damage
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Global Medical and AD&D
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Global Kidnap & Extortion (up to $200K limits)
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Foreign commercial property capacity up to $5MM per location
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Foreign voluntary workers compensation with state/province or
country of hire benefits; employers liability limits up to $5MM
As an example of these dynamic changes, ACE Risk Management Global
Casualty has introduced updated policy and endorsement language in its
Canadian General Liability policy. The new policy language improves
clarity and consistency within the form; provides for consistent
interpretation of coverage language, and makes it easier to customize
coverage and tailor the policies to each client’s unique needs; all of
which underscores ACE’s commitment to providing high value and superior
service to Canadian clients.
ACE Risk Management Global Casualty offers Canadian customers a
personalized approach to designing their insurance programs. Leading the
team is Charles Lee, Vice President, ACE Risk Management Global
Casualty, who has more than 20 years of industry experience and
expertise. Mr. Lee and his team will together meet the evolving needs of
Canadian companies by leveraging 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 in Canada operates as ACE INA Insurance and ACE INA Life Insurance,
subsidiaries of ACE Limited (NYSE: ACE). ACE provides commercial
property and casualty and life, accident and health insurance products
and services throughout Canada. For more information about ACE and our
products and services, please visit www.acegroup.com/ca.
ACE Risk Management Global Casualty 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.
About ACE Group
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,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
Source: ACE Group