ACE Risk Management has introduced 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 WorldviewSM, ACE’s award winning application for policy management
