News Releases

NEW YORK--(BUSINESS WIRE)--The ACE Group announced today that its ACE Worldview^SM Web-based information portal for risk managers with multinational insurance programs has earned a 2011 Innovation Award from Business Insurance magazine.

ACE Worldview^SM enables risk managers and their brokers to monitor and manage key aspects of their global insurance programs from their desktop or laptop in real time. Through Worldview, they can see daily program status updates, copies of local policies and certificates, and access the ACE Insurance Directory^SM, the proprietary research tool that ACE underwriters and legal staff use. Other features include access to program contacts, multinational standards, claims bulletins, and Global Risk Advantage^SM, ACE’s loss information system. Through various applications and reporting tools, risk managers can track policy issuance, run custom reports, review status comments and documentation, and set e-mail alerts for account activities.

“Worldview’s unprecedented access to information helps clients track ACE’s performance against expectations set for their insurance programs, which will lead to better execution and efficiency for customers,” said Timothy Benson, Senior Vice President, ACE Multinational Client Group, who received the award for ACE on March 14 in New York. “It raises the standard for service in the multinational market.”

Worldview, which is now in use by more than 150 multinational clients and their brokers, is part of ACE’s Global Program Solutions, or ACE GPS^SM, capabilities that together make ACE one of the few insurers that can help companies manage their worldwide risks and navigate an increasingly complex regulatory landscape. These capabilities include:

• Local operations in more than 50 countries and partnerships in over 120 additional countries, enabling coverage in virtually any part of the world in which a client has operations;
• Broad product array and underwriting appetite, with more than 200 property and casualty insurance products and a wide range of customized solutions;
• Sophisticated claims management and risk consulting and engineering services;
• Local and global legal and regulatory expertise, which facilitates the development of insurance programs to address specific requirements, ranging from regulations governing foreign subsidiaries to strategies for using non-admitted and captive insurers; and
• A network of global client executives and network managers in key locations around the world who serve as a single point of contact for coordinating all of ACE’s global resources and intellectual capital on behalf of multinational clients.

The launch of Worldview in 2010 culminated a multiyear effort to improve ACE’s capabilities and service for the multinational market. With the trend of companies “going global” and expanding their operations outside their home markets, ACE recognized the growing opportunity to help them better structure and take control of their insurance programs around the world. As a result, over the past several years ACE has invested in the people, processes and technology required to deliver superior service to these clients.

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and commercial and individual customers in more than 170 countries. Additional information can be found at: www.acegroup.com.