PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced it has increased capacity in its management and professional liability, commercial umbrella and excess casualty, and medical professional lines of business to $50 million from $25 million.
“ACE USA is pleased to offer additional capacity for these critical coverages given heightened need and uncertainty in the marketplace. The long-tail nature of these liabilities underscores the importance of partnering with a financially strong insurer. These capacity enhancements are consistent with our focus to be a nimble and responsive partner in addressing the needs of our clients,” said John Lupica, President and CEO, ACE USA.
ACE’s strong balance sheet coupled with its global network and seamless worldwide service capabilities are key differentiators in minimizing bottom line impacts and protecting companies of all sizes from large scale liabilities.
Contact your broker or visit www.aceusa.com for more information on ACE USA’s products and services.
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.aceusa.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