HAMILTON, Bermuda--(BUSINESS WIRE)--ACE Bermuda Insurance Ltd. (ACE Bermuda) today announced it has increased its Integrated Occurrence capacity from $100 million to $150 million effective immediately. This additional capacity is available under ACE Bermuda’s core excess liability product – the Occurrence First Reported form.
“ACE Bermuda is pleased to offer this additional $50 million capacity for Integrated Occurrence coverage. Excess Liability has been a core product line for ACE Bermuda for over two decades and this capacity enhancement underscores our commitment to continue to provide long-term stability and security to our customers,” said Rees Fletcher, President and CEO, ACE Bermuda.
ACE Bermuda, the original insurance company of the ACE Group of Companies, writes high-level excess liability, property and directors and officers insurance worldwide, including the standard-setting Corporate Officers & Directors Assurance (CODA). ACE Bermuda is rated A+ by both A.M. Best Company and by Standard & Poor’s. Headed by ACE Limited (NYSE:ACE), the ACE Group of Companies is a global leader in insurance and reinsurance and conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at www.acebermuda.com.