ACE Risk Management has unveiled the Multiple-Insured Captive Reinsurance Alternative initiative a tailored underwriting approach to meet the specific needs of multiple-insured captives.
ACE Risk Management senior vice president Rick Wagner said the challenge for multiple-insured captives is to access an underwriting team with extensive experience in captive programs and the flexibility to tailor coverage.
The new initiative will offer primary casualty insurance to multiple risk management buyers looking to employ a single captive reinsurer to retain risk.
ACE Risk Management division president Matt Merna said the program will help clients achieve pricing efficiencies for qualified participants through consolidated reinsurance to a commonly-owned captive.
Under the new initiative, the company will offer primary casualty coverage for automobile liability, general liability, and workers’ compensation lines and Superior claims handling through ESIS.
The initiative also includes the provision of best practices with supported and documented stewardship processes, loyalty to National Service Standards for consistent, accurate delivery of policies.
The benefits also include willingness to explore and support additional client-specific service requirements, ready access to ACE senior underwriters and credit management, and accommodation of non-captive primary casualty lines in the program.
ACE’s multiple insured captive reinsurance alternative will also offer gateway to broader ACE product offerings and global capabilities and elite access to ACE WorldviewSM.