ACE Casualty Risk Launches ACE TankSafe for Web-based Underwriting of Underground Storage Tank Policies.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Oct. 14, 2003 ACE Casualty Risk, a division of ACE USA, today announced the launch of ACE TankSafe(SM), a web-based underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. facility that enables contracted brokers to conduct automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. underwriting transactions from submission to issuance in a quick and easy manner. ACE TankSafe is offered through ACE Casualty Risk's environmental underwriting unit--ACE Environmental Risk--and targets underground storage insurance products, from the small tank policies to large industrial portfolios, for the small to mid-sized market. "Our financial strength and underwriting capabilities enable ACE USA to respond to the increased demand for environmental liability products and to service the needs of this unique market," said Susan Rivera, President, ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school. Holdings, Inc. "This facility is unlike any other currently available. ACE TankSafe complements and enhances the product and service offerings of the ACE Environmental Risk unit and ACE USA's overall business strategy." "We believe ACE TankSafe will set the standard in environmental underwriting e-commerce," said Geoff Gregory, President, ACE Casualty Risk. "Providing a cost-effective and automated system for online quoting and certificate and policy generation for our brokers was the impetus Impetus is a stimulus or impulse, a moving force that sparks momentum. Impetus may also refer to:
ACE Environmental Risk offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. These products are distributed through the brokerage community and through wholesalers to the commercial market. Non-admitted products are marketed through licensed surplus lines brokers. ACE's environmental liability offerings also include premises pollution liability, contractor's pollution liability, remediation cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. and blended finite finite - compact risk programs. For more information, send all inquiries via email to tanksafe@ace-ina.com or visit www.acetanksafe.com. ACE TankSafe(SM) is underwritten by ACE Property and Casualty Insurance Company, which is part of ACE USA. ACE USA is a U.S.-based operating division of the ACE Group of Companies, owned by ACE Limited (NYSE NYSE See: New York Stock Exchange : ACE). ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients around the world. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion