ACE INA UK Limited, a London-based operation of the ACE Group of Companies, is now eligible to offer insurance on an Excess & Surplus lines (E&S) basis in more than 30 U.S. states, including New York and Texas.
ACE INA UK will commence underwriting E&S business with effect from Jan. 1, 2004. This business will be underwritten on the ACE European Group headquarters London Trading Floor, which this week celebrates its first anniversary.
Richard Pryce, president of ACE Global Markets, noted, “ACE INA UK is a significant player in the UK and European markets, thanks to ACE’s reputation for underwriting excellence and strong financial strength rating.
“Securing E&S eligibility adds another significant dimension to ACE INA UK, increasing our flexibility in the market and offering brokers another point of access to the ACE organisation. All of the ACE European Group’s product lines, including property and financial lines, as well as ACE Tempest Re reinsurance, can be accessed through ACE INA UK. This development is ground-breaking for both ACE and the London market, and we expect it to be viewed positively by clients and brokers.”
Eligible states are: Alabama, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Washington, West Virginia, Wisconsin, Wyoming.
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