ACE USA, a member of the ACE Group of Insurance and Reinsurance Companies announced a partnership with Dallas and Atlanta-based specialty insurance carrier, Gramercy Insurance Company.
The partnership centers on a reinsurance agreement for the distribution of Gramercy Insurance and Gramercy Service Company products and services.
According to the companies, the partnership brings ACE’s financial resources and stability to Gramercy product offerings. Plus, the agreement will bolster specific market segments for Gramercy’s specialty lines of business, including equipment maintenance insurance, telecommunications, and extended warranty products.
The companies plan to expand the partnership to deliver products quickly, through a widespread professional agent and broker distribution network.
The ACE Group of Companies, which provides insurance and reinsurance for a diverse group of international clients, agreed to acquire the international and domestic property/casualty businesses of CIGNA Corporation in January 1999.
Topics Carriers Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
The Future of the Agency in a World of AI 
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
Chubb Books Record P/C Underwriting Income, Combined Ratio in Q3 
