ACE USA Rebrands INAMAR as ACE Recreational Marine Insurance.Nation's Oldest Marine Insurance Provider Unifies Brand PHILADELPHIA -- ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that INAMAR, its marine marketing and 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. division, will now be known as ACE Recreational Marine Insurance. This change in brand name, which will be communicated to key stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. , including customers and agents through direct communications and a transition print and advertising campaign, will allow ACE USA to present a consistent name on all agent and customer-facing communications, websites and policy documents. John Lupica, President and Chief Executive Officer, ACE USA, commented, "This corporate rebranding effort unites our marine division with the well-recognized "ACE" name. This decision underscores ACE USA's commitment to increase the ease of doing business and to best serve our agents and customers as one company." "This rebranding effort, which is a simple replacement of the INAMAR name, will not result in servicing or product changes, but highlights ACE USA's ongoing mission to bring its businesses together to serve customers," said Ray Stahl, President, ACE Recreational Marine Insurance. "For more than 200 years, ACE and its predecessor companies have provided unparalleled stability and innovation in the marine insurance marketplace, and we look forward to an exciting future of continuing to provide value to our clients." ACE Recreational Marine Insurance offers exceptional all-risk insurance coverage for vessels of all sizes - from the smallest to the largest - throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Programs are available to protect the entire spectrum of pleasure yachts, boats and marine businesses, including luxury mega-yachts and sailboats, sport fishing boats, ski boats In boating, a ski boat is a boat specifically designed to safely tow one or more water skiers. This is achieved by using a high-horsepower automobile engine usually positioned in the midsection and driven through a direct drive to the propeller. , personal watercraft personal watercraft n. 1. A motorized recreational water vehicle normally ridden by straddling a seat. 2. (used with a pl. verb) Such water vehicles considered as a group. , high performance vessels, select charter vessels and yacht yacht: see motorboating; sailing. yacht Sail- or motor-driven vessel used for racing or recreation. The term is popularly applied to large recreational engine-powered boats; the sailboats known as yachts and used for racing are usually light and clubs, marinas, boat dealers and more. To learn more about ACE Recreational Marine Insurance and obtain valuable information on a wide range of safety and loss prevention tips, please visit www.acemarineinsurance.com. Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all states. 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+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting 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. |
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