ACE Group today announced the addition of environmental liability insurance cover to ACE Evolve, its corporate multinational product, as it continues to expand its proposition for UK businesses with international operations.
Based on broker and client feedback, the enhancement reflects increasing environmental regulation and the mounting pressure upon companies to be socially responsible, which have created the need for a seamless and accessible environmental liability cover for clients that operate overseas.
Reflecting ACE’s commitment to providing comprehensive insurance programme solutions for large to medium sized businesses with overseas exposures, it will allow clients to benefit from:
- a broad environmental coverage capable of responding to exposures across the world
- an enhanced cover built into the ACE Evolve wording, which is more cost effective and easier to administer than a stand alone environmental programme
- access to ACE’s global expertise in managing environmental risk
Tom Hillier, UK&I Environmental Liability & London Casualty Manager at ACE, said: “With growing scrutiny and regulation on environmental issues across almost every territory, plus the increasing number of environmental incidents that affect mainstream organisations, brokers are under increasing pressure to offer clients global environmental cover. This can prove difficult when operating across territories with varying legislation. However, with ACE Evolve, clients can now benefit from ACE’s expertise in both environmental liability and multinational programmes.”
Louise Joyce, ACE Evolve Product Manager added: “ACE is a leader in providing insurance programmes for clients that operate in more than one jurisdiction. The addition of environmental liability cover to the ACE Evolve package product will enable brokers to benefit from ACE’s leading expertise in the area by offering their clients a practical solution for this important emerging risk.”
The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index.