Switzerland-based ACE has launched new division ACE Risk Management Global Casualty, by consolidating its US and global casualty offerings.
The new division has been established by combining ACE Risk Management and ACE Foreign Casualty to offer single source for specialized products and improved alignment among underwriting, claims, actuarial, legal, credit and other services.
Matt Merna has been appointed as division president of ACE Risk Management Global Casualty, who served as division president of ACE Risk Management.
He will report to ACE USA Division President Chris Maleno.
Maleno said that the companies of all all sizes continue to grow and expand their operations globally, the foreign exposures and risks they face have never been greater or more difficult.
"We are positioned to provide a robust suite of programs that are innovative and well-aligned with our customers’ needs, such as our distinctive master general liability policy that insures domestic and global exposures to reduce coverage lapses and streamline service delivery," Maleno added.
The new division offers products such as ACE Advantage, which is a specialized international package of insurance for US-based companies and ACE Atlas CMP, a customized insurance and risk management solutions for US-based corporations and multinationals with large or complex operations and exposures outside the US.
In addition, the division offers ACE Cash Flow, a comprehensive risk management programs that are designed to meet and safeguard the needs of large US multinational companies.
Image: ACE North American headquarters. Photo: courtesy of Ace Group.