ACE, a provider of property and casualty, accident and health and personal lines solutions, has launched ACE PFI, a fully integrated insurance solution comprehensive cover and risk management advice for all aspects of a PFI project.
ACE PFI (Private Finance Initiative) covers all aspects of a PFI project, from construction through to commissioning, handover and the resultant operational risks.
The new product combines the company’s existing expertise in key PFI areas, such as construction, with other key lines including marine and environmental liability. This offers brokers and project managers the option of using a single insurance provider.
ACE believes that the combination of these covers, particularly environmental impairment/pollution and marine, fills current gaps in provision and is of increasing importance to protect both the insured and the broker.
Alistair Macintyre, product development manager for UK and Ireland at ACE, said: With ACE PFI we have harnessed our underwriting experience in construction risks and the PFI sector to develop a holistic solution for a market where, until now, this has been lacking.