ACE launches ACE Moda TM in Iberia
July 14 2015 - 06:58AM
Business Wire
ACE Group today launched ACE Moda TM, a new packaged insurance
product designed to cover the casualty and fire risks of companies
in the fashion retail sector as it continues to develop its
proposition for retail and luxury goods companies across Iberia and
Continental Europe.
ACE Moda has been developed in response to client feedback and
brings together ACE’s extensive knowledge and experience in the
retail sector. Its launch reflects the changing needs of this
increasingly globalised industry in Iberia and follows the launch
of ACE’s luxury goods practice in Continental Europe earlier this
year. The product features have been specifically developed for the
retail industry and ACE Moda is designed to efficiently complement
the company’s insurance offering in other lines, such as group
personal accident and business travel, directors and officers
liability, crime and marine.
Product benefits include:
- The innovative cover “No dress, no
bride”, which covers the expenses incurred by the insured due to
the non-delivery of wedding dresses on time because of an
accident
- Automatic inclusion of non-standard
clauses, such as cover for image restitution expenses due to
product recall
- The potential to include, in the same
policy, terrorism and political violence cover
- Ability to structure the product as a
multinational programme from the retailer’s first store opened
abroad with access, for both broker and client, to ACE’s global
network and specialised multinational services
José Ramón Martínez, Property Insurance Manager for ACE in
Iberia, said:
“At ACE, we continue to develop tailored products to meet the
changing needs of our clients. We have designed, with ACE Moda, a
complete product that includes specific and innovative guarantees
for the retail sector and also offers other guarantees that,
although they already exist in the market, were not included in
policies automatically.
“Additionally, ACE Moda protects companies through their
international expansion, whether at the time of the first store
opening or as they continue to grow their global footprint and we
always willing to share our experience with brokers seeking to
offer an improved international service to their clients”.
ENDS
About ACE:
ACE Group is one of the world’s largest multiline property and
casualty insurers. With operations in 54 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.
Visit www.acegroup.com/eu
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version on businesswire.com: http://www.businesswire.com/news/home/20150714005770/en/
For further information, please contact:Nicholas Mandalas -
Regional Communications Manager, EMEAT: +44 20 7173 7793E:
nicholas.mandalas@acegroup.com
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