ACE Releases Advisory on Managing Employers’ Liability Costs for U.S.-based Multinational Manufacturers

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced the release of a new advisory entitled, “International Employers’ Liability Trends Affecting the Manufacturing Sector,” which examines the rising cost and major expense of employers’ liability insurance for U.S.-based manufacturing companies operating outside of the United States. The advisory discusses issues surrounding the management of employers’ liability expenses, and the importance of adhering to local regulatory requirements through a focused approach of proper loss controls and the implementation of a well-structured global insurance program.

“With our Foreign Casualty practice’s vast scope of products, services and expertise, we are committed to providing practical information on a wide range of relevant issues to U.S.-based multinational businesses that have operations or employees who travel outside the U.S.,” said Bryan Tedford, Senior Vice President, ACE Foreign Casualty. “This advisory reports on employers’ liability insurance, which ranks as one of the biggest expenses for multinational manufacturing companies. Our goal is to assist these entities in managing potential exposures through helping them design and manage a comprehensive global insurance program.”

The new ACE Advisory was co-authored by Joerg Reinholdt, Senior Vice President, National Field Operations, ACE Foreign Casualty and Steven Schwartz, Vice President, ACE Foreign Casualty. The advisory is part of a larger series of papers that ACE produces that are designed to provide useful information on current industry topics faced by risk managers.

The advisory highlights several recent international legal and risk management developments in the United Kingdom, Europe and China that could have an impact on employers’ liability costs for manufacturers. According to Mr. Reinholdt, “Whether a manufacturer operates inside or outside the United States, it must always comply with the laws and regulatory requirements of the jurisdictions where it conducts its’ operations. When those laws and regulations change or when new trends emerge, it can often have an impact on insurance costs as well as other operating expenses.”

In conjunction with complying with international laws and regulations, manufacturers should consider integrating their employers’ liability insurance coverage into a global program to help control their overall insurance costs. Mr. Schwartz commented, “Manufacturers that bring employers’ liability insurance into a global insurance program are often in a better position to understand claims trends and control losses, which then allows them to take potential corrective actions and reduce losses. Additionally, when seeking employers’ liability insurance, it is important that manufacturers consider working with an insurance carrier that has a strong global presence and the ability to place admitted policies in local markets.”

To access the report, please visit our website. The material presented in this report is not intended to provide legal or other expert advice. It is presented as informational only. Readers should consult legal counsel or other technical experts, as applicable, with any specific questions they may have.

ACE Foreign Casualty, a division of ACE USA, specializes in providing international casualty insurance programs for exposures outside the U.S., including specialty products for small, mid-sized and large U.S.-based companies, non-profits and educational institutions. Offerings range from simple package policies to complex multinational programs with sophisticated risk transfer options. For more information please visit our website.

ACE USA is the U.S.-based retail operating division of ACE Group, and is rated A+ (Superior) by A.M. Best Company and AA- (Very Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at:


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