PHILADELPHIA--(BUSINESS WIRE)--ACE today launched a new division that consolidates its U.S. and global casualty offerings to create ACE Risk Management® Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing companies that may be increasing their operations in additional jurisdictions around the world.
ACE Risk Management Global Casualty combines and leverages the strengths of two established and proven divisions within ACE USA — ACE Risk Management and ACE Foreign Casualty — to provide a single source for specialized products and improved alignment among underwriting, claims, actuarial, legal, credit and other services that support domestic and global casualty products. Whether clients have executives traveling overseas once a year or operations in 150 countries, ACE Risk Management Global Casualty provides the products they need.
Matt Merna will lead this expanded team of professionals as Division President of ACE Risk Management Global Casualty. Previously, Mr. Merna served as Division President of ACE Risk Management. Mr. Merna will continue to report to Chris Maleno, Division President of ACE USA.
“As companies of all sizes continue to grow and expand their operations globally, the foreign exposures and risks they face have never been greater or more difficult,” said Mr. Maleno. “We are positioned to provide a robust suite of programs that are innovative and well-aligned with our customers’ needs, such as our distinctive master general liability policy that insures domestic and global exposures to reduce coverage lapses and streamline service delivery.”
ACE Risk Management clients and ACE Foreign Casualty clients will continue to receive superior service and access to the full suite of products and services they have come to trust. In addition, in the U.S. and Canada, ACE Risk Management Global Casualty clients will now be able to further customize their coverages and access several of ACE’s effective technology solutions to manage their insurance program across their organization and the geographies within which they operate. Products include:
- ACE Advantage® – a specialized international package of insurance for U.S.-based companies, non-profit organizations and educational institutions that have employees or volunteer workers who travel, work or sell products overseas, or that have locations outside the U.S.
- ACE Atlas CMPSM – customized insurance and risk management solutions for U.S.-based corporations and multinationals with large or complex operations and exposures outside the U.S. Solutions include U.S. Controlled Master Program policy with admitted local policy placement(s), flexible program structures, and tailored risk transfer options.
- ACE Cash Flow – comprehensive risk management programs, services and specialty products to ultimately meet and safeguard the needs of large U.S. multinational companies.
To further grow its operations and expand its reach, ACE Risk Management Global Casualty will continue to leverage 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. Insurance is provided by insurance companies within ACE Group. 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.
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 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.