News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S. based retail operating division of the ACE Group of Companies, today announced the launch of first-party coverage tailored for domestic and global exposures of medium- to large-sized U.S. companies. The ACE USA Global Property – Corporate Risk Program offers coverage to a broad range of industries including the following classes: financial institutions, food processing, logistics, manufacturing, services, higher education, construction, retailers and wholesalers, distributors, real estate, transportation, and technology/electronic equipment companies.

Offered through the ACE Global Underwriting Group, a division of ACE USA, the ACE USA Global Property –Corporate Risk product will provide worldwide property coverage under a single program to qualified applicants whose global revenues are typically between $50 million and $1 billion. The minimum deductible will be $10,000.

“As a leader in providing risk management solutions to the large industrial account segment, establishing this new corporate risk global property initiative allows us to focus on serving the middle market segment—an increasingly evolving marketplace with specific and unique needs,” said Wolfgang Friedel, Executive Vice President, Property & Specialty Lines, ACE Global Underwriting Group. “With its specialized teams of experienced, seasoned underwriting and claims management professionals and a global presence, ACE can better respond to requests for property risk insurance coverage in jurisdictions outside the U.S.”

Additionally, ACE USA’s Global Property – Corporate Risk product offers the following under this program:

• All Risk Property coverage, combined with ocean cargo and inland transit
• Domestic terrorism coverage for certified and non-certified accounts
• Global network of property engineering and loss control consultants
• Global network of products and services to provide comprehensive property coverage

The following coverages are also available on a stand-alone basis:

• First-party cyber risk coverage to help businesses and organizations of every size address key network and consumer data exposures
• Crime & Fidelity coverage

The above is only a summary; please see the actual policy for terms and conditions. To review additional product features and check submission requirements, please visit: www.ace-ina.com. For more information about ACE USA Global Property – Corporate Risk Program, please call Pete Detmering at (215) 640-2006 orpeter.detmering@ace-ina.com.

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 & Poor’s. 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.