ACE News

ACE Introduces Passenger Accident Insurance for Motor Carriers

ACE Group has introduced standalone passenger accident insurance for motor carriers. The coverage provides accidental death and dismemberment and accident medical/dental expense benefit coverage for authorized passengers who are injured while traveling with a driver who is working under the …

ACE, ESIS Launch Programs for Construction Industry Addressing OSHA

ACE has launched specialized servicing capabilities designed for the construction industry through ESIS, Inc., a risk management services company owned by ACE Group. These services are available for general contractors, construction managers, trade contractors, and developers for both new construction …

ACE Expands M&A Practice, Appoints North America Practice Leader

The ACE Group has expanded its Mergers and Acquisitions (M&A) Practice into a Private Equity Practice concentrating on insurance options for private equity firms, their portfolio companies as well as their M&A transactions. Seth Gillston, based in New York City, …

Farm Bill Keeps Lawmakers’ Own Crop Insurance Payouts Secret

Crop insurers successfully lobbied to keep several proposals out of the farm bill set to pass the U.S. Congress today — such as a requirement that would have forced farmer-lawmakers to disclose benefits they receive. Senate Clears Farm, Crop Insurance …

ACE Buying 69% Stake in Thai Insurer

ACE Limited (ACE) said it has agreed to purchase a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the stock exchange of …

ACE USA Names Sutter Senior VP for Distribution Management

ACE USA, the U.S. based retail operations of ACE Group, has appointed Carl Sutter as senior vice president, Distribution Management. Sutter will have responsibility for developing strategic broker relationships, and driving broker-specific distribution strategies on a national basis for all …

ACE Bermuda Launches New CODA Premier D&O Policy

ACE Bermuda has launched a new CODA Premier directors and officers liability policy. The CODA Premier policy offers personal asset protection to directors and officers and is available through ACE’s commercial property and casualty insurance businesses in North America. Enhancements …

ACE Construction Practice Launches Catastrophe Services Through ESIS

ACE USA has launched catastrophe claims servicing capabilities specifically designed for the construction industry through ESIS Inc., a risk management services company owned by the ACE Group. The new offerings provide an additional layer of protection from losses that occur …

ACE Names Givelet to Lead European Environmental Risk Engineering Group

ACE Group has appointed Nicolas Givelet as risk engineer in its Continental Europe environmental insurance team. In this newly-created role, Givelet will lead a new environmental risk engineering task force for ACE in the region, assisting the pan-European underwriting and …

ACE Appoints McGrath, Franchi, Sharp to Lead Program Business

ACE Commercial Risk Services, the small business division of the ACE Group, has appointed Tom McGrath as senior vice president, head of Programs. McGrath will oversee all underwriting, marketing, and operations for the unit’s U.S. program insurance business. He will …