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ACE Risk Management Introduces Corporate Risk Solutions; New Casualty Product Helps Mid-size Companies Meet Risk Financing Challenges.


PHILADELPHIA -- ACE Risk Management (ARM), a unit of ACE USA--the U.S.-based retail operating division of The ACE Group of Companies--today announced an expansion of its product offerings targeted toward mid-sized companies in the casualty risk financing marketplace through the establishment of specialized spe·cial·ize  
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es

v.intr.
1. To pursue a special activity, occupation, or field of study.

2.
 teams in each of its branch offices across the U.S. These dedicated teams will assist companies in the large corporate risk segment - those with revenues between $100 million and $700 million - in managing their risk by focusing on creating individualized in·di·vid·u·al·ize  
tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es
1. To give individuality to.

2. To consider or treat individually; particularize.

3.
 risk management programs.

"Now more than ever, companies are taking a proactive approach to managing and addressing their risk financing challenges," said William Curcio, President of ACE Risk Management. "This dedicated unit is backed by the financial strength of The ACE Group of Companies and staffed by a team of sophisticated insurance professionals with the expertise and acumen acumen Astuteness, perception, perspicacity  in applying the proven financial benefits of risk management solutions to this broad market segment."

Coverage is available with retained limits of $250,000 for Workers Compensation. Lower retentions or guaranteed cost will be available for Automobile and General Liability coverages. The unit targets companies with consistent strong financial performance, loss control/safety programs in place and loss picks of up to $3.5 million. Claims handling and loss control services will be provided though ESIS ESIS European Chemical Substances Information System
ESIS European Survey of Information Society
ESIS European Structural Integrity Society
ESIS Element Structure Information Set
ESIS Electronic Standby Instrument System (aviation) 
, the risk management services arm of ACE USA.

The target industry groups are: Manufacturing, Retail, Wholesale, Hotels, Restaurants, Healthcare and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
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ACE Risk Management offers comprehensive risk management programs and services, which are uniquely designed and customized to assist companies in any industry deal with the significant costs of financing and managing risk. To learn more about ACE Risk Management's products and services, visit www.aceriskmanagement.com

ACE USA is the U.S.-based retail) operating division of The ACE Group of Companies, headed by ACE Limited (NYSE NYSE

See: New York Stock Exchange
:ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its 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.
 companies, 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:5BERM
Date:Jul 12, 2004
Words:375
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