In an effort to help growing companies expand their services to more jurisdictions, ACE Group launched a division that will help in underwriting and other legal services.
The division, called ACE Risk Management Global Casualty, is a one-stop shop for small companies along with larger multinational groups for credit, actuarial and claims services that merged two existing divisions, ACE Risk Management and ACE Foreign Casualty, into the services of one.
“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 Chris Maleno, Division President of ACE USA. “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.”
Through the new division, clients in nearly 200 countries will be able to customize their coverage and take part in many of ACE's technology solutions including:
- 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, a customized insurance and risk management solution 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, a comprehensive risk management program, services and specialty products to ultimately meet and safeguard the needs of large U.S. multinational companies.
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