ACE Group has increased it critical catastrophe limits to $30 million across all its North American retail and wholesale broker-distributed commercial property lines of business.
The capacity will be offered through ACE’s network of property businesses, that includes customised fronting and captive solutions.
“ACE has a long history in the property business delivering sophisticated risk transfer and multinational fronting capabilities with proven claims performance. We are pleased to offer more meaningful property capacity to our distribution partners and clients,” said John Lupica, chairman of Insurance, North America.
“Since consolidating the structure of our property businesses in 2009, we have been able to distribute capacity where our clients need it most. With this increase, clients will further benefit from ACE’s ability to coordinate capacity across our retail and excess and surplus lines businesses in North America.”
