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

September 11, 2014

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 companies that may be increasing their operations in additional jurisdictions around the world.

ACE Risk Management Global Casualty combines its two divisions within ACE USA — ACE Risk Management and ACE Foreign Casualty — to provide a single source for specialized products and improved alignment among underwriting, claims, actuarial, legal, credit and other services that support domestic and global casualty products. Whether clients have executives traveling overseas once a year or operations in 150 countries, ACE Risk Management Global Casualty can provides the appropriate products.

Matt Merna will lead this expanded team of professionals as division president of ACE Risk Management Global Casualty. Previously, Merna served as division president of ACE Risk Management. Merna will continue to report to Chris Maleno, division president of ACE USA.

In addition, in the U.S. and Canada, ACE Risk Management Global Casualty clients will now be able to further customize their coverages and access several of ACE’s technology products to manage their insurance program across their organization and the geographies within which they operate. Products include:

  • 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 – customized insurance and risk management products for U.S.-based corporations and multinationals with large or complex operations and exposures outside the U.S. Products include U.S. controlled master program policy with admitted local policy placement(s), flexible program structures, and tailored risk transfer options.
  • ACE Cash Flow – risk management programs, services and specialty products to meet and safeguard the needs of large U.S. multinational companies.

To further grow its operations and expand its reach, ACE Risk Management Global Casualty will continue work with the ACE global network. This worldwide market presence enables ACE to issue or arrange for local policies in nearly 200 countries around the world and is supported by ACE’s service and technology solutions, including ACE Worldview.

ACE Worldview is an interactive portal that delivers domestic and international policies and other documents electronically. This portal also provides customized reporting tools for managing and tracking program information.

ACE Risk Management Global Casualty, a division of ACE USA, offers risk management programs and services that are designed and customized to assist companies in any industry dealing with the significant costs of financing and managing risks.

Was this article valuable?

Here are more articles you may enjoy.