ACE News

ACE Authorizes $1.5 Billion of Share Buybacks

ACE Ltd., the Swiss insurer with operations in more than 50 nations, authorized $1.5 billion of share buybacks to take place in 2015. The plan replaces the authorization that expires at the end of this year, according to a statement …

Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’

A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.” Insurance industry representatives immediately criticized the report as a negative take on the industry’s ability to adapt and not reflective of …

Eight P&C Insurers Get Top Marks for Climate Change Risk Management

Munich Re and ACE Ltd. are among insurers that are best prepared to manage risks related to climate change, a lobbying group said. The nine insurers that were found to be integrating climate change into underwriting and investments also included …

ACE Launches Global Primary Casualty Unit for U.S., Canadian Multinational Companies

ACE has 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 …

Swiss Re’s Klena Joins ACE North American Marketing, Communications Team

ACE Group has appointed Cora Klena as senior vice president, North American Marketing and Communications. Klena will be responsible for marketing and communications for the company’s North American businesses including public relations, event marketing, employee communications, print and digital marketing …

ACE Expands Life Sciences Coverage through Wholesale Division

ACE Group has expanded its suite of products developed to address the needs of U.S.-based life sciences companies through its wholesale-focused business, ACE Westchester Professional Risk. The ACE Westchester Professional Risk Life Sciences policy addresses the exposures faced by life …

ACE Names Chen Underwriting Manager for Asia Property, Terrorism

ACE Group has appointed Cassie Chen as regional Property and Terrorism underwriting manager for Asia. She will be based in the Singapore regional office and will report to Jason Keen, head of Property for Asia. Chen joined ACE in 2011 …

ACE Expands Travel Coverage for Religious, Educational Institutions

ACE Group has expanded its web-based portal to provide coverage for U.S.-based religious organizations and educational institutions, whose employees, students and volunteers travel internationally. The portal, www.ACEAdvantage.NET, provides a streamlined process for rating, quoting, binding, and issuing of the ACE …

ACE Expands Digital Technology Offering to Address Product Recall Risks

ACE Group has launched a new endorsement to help protect technology companies from exposures resulting from products that are sold and distributed to third-parties. The new ACE DigiTech and Product Recall endorsement offers expanded digital technology coverage providing out-of-pocket recall …

ACE Expands Global D&O Coverage Through Lloyd’s Syndicate

ACE Group has launched ACE 2488 Global D&O, an enhanced global directors & officers (D&O) liability insurance proposition for multinational organizations. Adding Lloyd’s coverage through ACE Syndicate 2488 to its existing suite of D&O products enables ACE to provide protection …