News Releases

ACE USA Launches Podcast to Address Risk Management Considerations for Managing Global Business Risk in the Evolving Logistics Industry
Apr 17, 2007

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that it has launched an audio podcast, or Internet-distributed program, onManaging Global Business Risk in an Evolving Logistics Industry, based on a white paper written by Stephen Connor, Vice President, ACE USA Logistics Industry Practice, that is set to be published in the spring issue ofThe John Liner Review. Mr. Connor will present the white paper findings during the upcoming Risk and Insurance Management Societys (RIMS) annual industry conference to be held in New Orleans, April 29  May 3, 2007.

The podcast provides corporate risk managers and logistics industry professionals with thought leadership and insight into the increasing complexity facing todays third-party logistics providers (3PLs) and the opportunities and resulting exposures inherent in being a 3PL in the evolving global marketplace. The international logistics market is growing more rapidly and generating more revenue than in the U.S. logistics market, and in response, more 3PLs are broadening their global capabilities, said Mr. Connor. As 3PLs increase the value they offer clients by establishing one-stop shops, growing overseas, and becoming more closely integrated into their clients business processes, they assume never-before-encountered risks.

The podcast, one of an occasional series of audio podcasts that ACE USA has launched on selected risk management topics, provides an informative overview of the third-party logistics industry and steps risk managers can take to design insurance programs that minimize risk, curb losses and protect the bottom line.

Mr. Connor added, With the global supply chain growing in importance and more businesses adopting just-in-time sourcing, protecting against interruption-related exposures is a risk management imperative. Regardless of the cause when supply chain glitches occur, 3PLs can be deemed liable.

To access the ACE Professional Risk podcast audio program featuring Mr. Connors discussion of managing global business risk in the logistics industry, please visit www.ace-ina.com/podcasts. Please note, the program is approximately 30 minutes in length.

The ACE USA Logistics Industry Practice focuses on providing comprehensive insurance coverage and solutions to the logistics industry, to domestic and multinational logistics companies, direct air carriers, third-party logistics providers, and control and supply chain management companies. For more information, please visit:www.ace-ina.com. The material presented in the podcast is not intended to provide legal or other expert advice. It is presented for general information only. Listeners of this podcast should consult knowledgeable legal counsel or other experts with any questions. The above is only a summary; please see actual policies for terms and conditions.

ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poors. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.

 

Contact:

ACE INA Communications
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com


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