News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Risk Management^®, part of ACE USA, the U.S.-based retail operations of the ACE Group, today announced the introduction of its new Multiple-Insured Captive Reinsurance Alternative initiative. The new program offering is designed to provide primary casualty insurance to multiple risk management buyers seeking to implement a single captive reinsurer to retain risk.

“ACE has created a tailored underwriting approach to meet the specific needs of multiple-insured captives,” said Matt Merna, Division President of ACE Risk Management. “Our program will help clients achieve pricing efficiencies for qualified participants through consolidated reinsurance to a commonly-owned captive.”

Rick Wagner, Senior Vice President added, “The challenge for multiple-insured captives is to access an underwriting team with extensive experience in captive programs and the flexibility to tailor coverage. That’s not easy, but ACE Risk Management has a long history of focusing on long-term partnership, best practices, and timely funds management, to meet the contractual needs of these captives.”

Benefits of ACE Risk Management’s multiple-insured captive reinsurance alternative include:

• Primary casualty coverage for Automobile Liability, General Liability, and Workers’ Compensation lines
• Superior claims handling via ESIS®, Inc. or other approved third party claims administrators
• Best practices with supported and documented stewardship processes
• Adherence to National Service Standards for consistent, accurate delivery of policies; program documentation; and ongoing administration, inception through audit and adjustment
• Willingness to explore and support additional client-specific service needs
• Ready access to ACE senior underwriters and credit management
• Accommodation of non-captive primary casualty lines in the overall program
• Gateway to broader ACE product offerings and global capabilities
• Elite access to ACE Worldview^SM, ACE’s award winning application for policy management

To learn more about ACE Risk Management and its comprehensive solutions for captives, contact Rick Wagner at 415-547-4427 or Rick.Wagner@acegroup.com, or visit our website.

ACE Risk Management, part of ACE USA, ACE’s U.S.-based retail operating company, offers comprehensive risk managements programs and services that are uniquely designed and customized to assist companies in any industry dealing with the significant costs of financing and managing risks. To learn more about ACE Risk Management’s products and services, please visit our website.

ACE USA is part of the ACE Group, a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.