Ace Introduces New Captive Reinsurance Alternative

03.30.2012


ACE Risk Management, part of ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a Multiple-Insured Captive Reinsurance Alternative initiative. The new program 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.”

Senior Vice President Rick Wagner 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 workers’ compensation, automobile liability, and general liability. Additional information is available from Wagner at 415-547-4427 or Rick.Wagner@acegroup.com.

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