ACE strengthens D&O offering in Germany
August 13 2015 - 6:15AM
Business Wire
ACE Group has launched two new D&O insurance products and
has appointed a new Financial Lines Manager in Germany, as it
continues to respond to the rapidly evolving management liability
cover needs of companies in Europe’s biggest economy.
ACE D&O ProElite Domestic 2015 is designed to reflect the
continuously evolving risk environment in the area of liability and
claims against directors and officers. The new policy offers
additional and innovative coverage enhancements and is suitable for
companies in all sectors and of all sizes, private and listed,
including large multinationals. The product’s features include
among others, preservation of Side A limit, professional and
contractual liability cover, as well as a legal and a crisis
communications helpline. The cover can also be structured as a
multinational insurance programme.
D&O Express has been designed for the needs of brokers and
their small and medium-sized clients. The new product is available
online and provides cover through a simplified underwriting
process, which allows for the instant online issuing of D&O
policies and quotes, with complete privacy. Additionally, brokers
are able to change information included in contracts such as expiry
dates, addresses and term and conditions, online and without delay.
Furthermore, the product offers an extended reporting period of up
to twelve years and an unlimited extended reporting period for
retired insured persons.
D&O Express is the first product to be included in ACE’s new
EASYACE insurance proposition in Germany, providing efficient
service to brokers and their small and medium- sized commercial
clients.
Additionally, Jana Dünkeloh has been appointed to the new role
of Financial Lines Manager for Germany, effective immediately. In
her new role, Jana will be responsible for the performance and the
profitable growth of ACE’s financial lines portfolio in Germany and
Austria, with an emphasis on the further development of the
company’s D&O offering. Jana has 13 year of financial lines
experience. She joined ACE in 2007 as Senior Financial Lines
Underwriter for Germany and for the past four years she has been
Deputy Financial Lines manager. Previously she held financial lines
underwriting roles for global insurers in Germany and in
London.
Andreas Wania, Country President for ACE in Germany, said:
“Management liability is becoming an increasingly important risk
for German companies of all sizes, with smaller ones frequently
more vulnerable to this type of external threat and large
multinationals facing an increasingly complex regulatory
environment. The two new products and Jana’s appointment underline
our commitment to further respond to the rapidly evolving market
needs in this risk category and provide a best-in-class proposition
for our clients and brokers in Germany.”
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/20150813005491/en/
ACE GroupNicholas MandalasRegional Communications Manager,
Europe, Eurasia & AfricaT: +44 20 7173 7793E:
nicholas.mandalas@acegroup.com
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