News Releases

ACE USA Launches Multinational Travel Accident Coverage to Respond to Unique Needs of Global Companies
Apr 27, 2007

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the launch of the ACE USA Multinational Travel Accident (MTA) coverage, which is specifically designed to cover the unique exposures of multinational organizations including corporations, public entities or not-for-profit. An MTA enables all domestic and international exposures to be covered under one Controlled Master Program (CMP).

The ACE USA MTA program provides a broad range of coverage benefits and travel assistance services for those employees traveling outside their country of permanent residence or assignment on short-term business trips. Specifically the ACE USA MTA program offers the following: AD&D Emergency Medical; Emergency Medical evacuation; and, Repatriation of remains. Inconvenience benefits include: Trip Cancellation; Trip Interruption and Loss of Personal Property. Coverage can be extended to include war risk exposures. Policy limits can be offered up to $5 Million per life.

Traditional business travel accident plans may not take into account gaps in coverage. ACE USAs MTA plan provides a single access point to help eliminate these concerns and integrate policies under one controlled master program (CMP), delivering continuity and efficiencies, said Frank DAncona, Vice President, ACE USA Accident & Health. Providing this centralized program offers the client lower cost by reducing the administration expenses incurred from managing multiple policies worldwide. As a leader in providing innovative risk management solutions, were pleased to assist our clients in capitalizing on economies of scale resulting from their spread of risk.

Key features of ACE USAs Multinational Travel Accident Coverage (MTA):*

  • Ability to deliver travel accident and medical platforms worldwide through a single point of service
  • Ensures the right coverage in compliance with local laws and customs for global employee populations
  • Delivers cost and administrative efficiencies, with policies integrated under a CMP
  • Offers unique stability, simplicity and consistency through a flexible insurance program that adapts to evolving exposures
  • Includes valued services offered through an extensive network of multinational insurance professionals and access to best-in-class network of global claims professionals

The ACE USA Multinational Travel Accident Coverage product is underwritten by the ACE USA Accident & Health division. For more information or to submit an account, contact Frank DAncona at (215) 640-6335 orFrank.Dancona@ace-ina.com or visit www.aceaccidentandhealth.com.

ACE USA Accident & Health is committed to delivering a wide range of insurance productsfrom traditional employer accident programs to specialty coverages for various types of groups and their members. These products help to protect against the serious financial consequences of a sudden injury or illness.

*Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all countries.

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 North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com


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