Ace Risk Management, a unit of ACE USA, announced an expansion of its product offerings targeted toward mid-sized companies in the casualty risk financing marketplace through the establishment of specialized teams in each of its branch offices across the U.S. The teams will assist companies in the large corporate risk segment – those with revenues between $100 million and $700 million – in managing their risk by focusing on creating individualized risk management programs.
Coverage is available with retained limits of $250,000 for workers’ compensation. Lower retentions or guaranteed cost will be available for automobile and general liability coverages. The unit targets companies with consistent strong financial performance, loss control/safety programs in place and loss picks of up to $3.5 million. Claims handling and loss control services will be provided though ESIS, the risk management services arm of ACE USA.
The target industry groups are: manufacturing, retail, wholesale, hotels, restaurants, healthcare and financial services.