News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced the strengthening of its global primary casualty offering with an expanded service platform designed to protect the multinational business activities of Canadian companies. ACE Risk Management Global Casualty ushers in a dedicated team of underwriting professionals and an enhanced suite of insurance products to help Canadian multinationals navigate the emerging risks, country-specific regulation, and foreign exposures associated with expansion. This move means ACE can better service large Canadian multinational companies, as well as smaller but growing companies that may be interested in increasing their operations both in North America and around the world.

Matt Merna, Division President of ACE Risk Management Global Casualty, said, “Canadian companies are looking for the best risk management solutions, given their unique challenges, while they conduct business in Canada as well as in other countries across the globe. Our experience dealing with many of the largest companies worldwide provides us with a unique opportunity to provide customized solutions for these clients.”

ACE Risk Management Global Casualty has assembled a team of highly experienced professionals whose expertise in writing complex programs helps clients effectively manage their risks. An enhanced model provides a robust suite of programs delivered by a fully aligned team of underwriting, claims, actuarial, legal, credit, and other services.

Program structures include: High deductibles, fronts, captives, self-insured retentions (SIRs), and the following guaranteed cost options:

• Up to $5,000,000 primary general liability and automobile policy limits
• Foreign Casualty
  • Contingent Automobile Liability & Physical Damage
  • Global Medical and AD&D
  • Global Kidnap & Extortion (up to $200K limits)
  • Foreign commercial property capacity up to $50M per location
  • Foreign voluntary workers compensation with state/province or country of hire benefits; employers liability limits up to $5M

As an example of these dynamic changes, ACE Risk Management Global Casualty has introduced updated policy and endorsement language in its Canadian General Liability policy. The new policy language improves clarity and consistency within the form; provides for consistent interpretation of coverage language, and makes it easier to customize coverage and tailor the policies to each client’s unique needs; all of which underscores ACE’s commitment to providing high value and superior service to Canadian clients.

ACE Risk Management Global Casualty offers Canadian customers a personalized approach to designing their insurance programs. Leading the team is Charles Lee, Vice President, ACE Risk Management Global Casualty, who has more than 20 years of industry experience and expertise. Mr. Lee and his team will together meet the evolving needs of Canadian companies by leveraging the strength of the ACE global network. This worldwide market presence enables ACE to issue or arrange for local policies in nearly 200 countries around the world, and is supported by ACE’s service and technology solutions, including ACE Worldview®.

ACE Worldview is an interactive portal that delivers domestic and international policies and other documents electronically. This portal also provides customized reporting tools for managing and tracking program information. ACE Worldview is unique in the industry and exclusive to ACE. To learn more about ACE Worldview, please visit our website.

ACE Risk Management Global Casualty, a division of ACE USA, offers comprehensive risk management programs and services that are uniquely designed and customized to assist companies in any industry dealing with the significant costs of financing and managing risks. To learn more about the products and services of ACE Risk Management Global Casualty, please visit our website. Policies in Canada are issued by ACE INA Insurance Company. All products may not be available in all jurisdictions. The product information above is a summary only. The insurance policy actually issued contains the terms and limits of the contract.

About ACE Group

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter,https://twitter.com/ACEGroupNA.