ACE Extends Commercial D&O Offering into Lloyd’s

ACE Europe announced that it has extended broker access to its market-leading Directors & Officers (D&O) portfolio by writing commercial D&O risks at Lloyd’s.

Commercial D&O is now available through the ACE Global Markets Syndicate 2488 at Lloyd’s for primary and excess covers on all commercial industry sectors, this will provide ACE’s brokers and clients with the option of Lloyd’s capacity if required.

Tom Ielapi, Senior Underwriter, Directors and Officers at ACE stated: “Current market conditions show just how crucial access to responsive and strongly capitalized cover is for all businesses. Extending access to our D&O range through Lloyd’s is a further demonstration of ACE’s commitment to supporting brokers and their clients when they need it most.”

ACE will continue to write D&O business through its own Trading Floor at its Leadenhall Street, London office as well as its other UK regional offices.

ACE said its Lloyd’s syndicate would offer the following:
— $35 million dollar capacity for all worldwide territories (except US domiciled)
— License in over 75 countries including the Cayman Islands, Bahamas, British Virgin Island
— Primary and excess capacity
— Dedicated D&O team with many years experience in both Underwriting and Claims

Members of the ACE Commercial D&O team will be located on the ground floor at Box 44a on extension 8280. Underwriters will be available from 11.00 to 13.00 in the morning and 14.45 to 17.00 in the afternoon.

Source: ACE Europe – www.acelimited.com

Topics Commercial Lines Excess Surplus Lloyd's