News Releases

NEW YORK--July 2, 2012--(BUSINESS WIRE)--The ACE Group announced today that it has made a series of enhancements to ACE Worldview^SM – its award-winning, Web-based information platform that enables risk managers and their brokers to monitor and manage their multinational insurance programs. Developed in response to feedback from clients and brokers, Worldview now includes captive premium payment tracking for both locally and centrally invoiced multinational insurance programs.

The new captive premium enhancements to Worldview include:

• Premium tracking, which allows users to follow the collection of premium payments across ACE’s global network;
• Reinsurance summary, which tracks the status of reinsurance payments to the captive and reinsurance panel; and
• Customized Premium Tracking Reports to meet clients’ specific requirements.

“We are driven to respond to the needs of our clients and brokers in the multinational insurance market, and captive premium payment tracking represents the third round of investment in the ACE Worldview tool, to be followed by many more,” said Tim Benson, Senior Vice President, ACE Multinational Client Group.

Since its launch in 2010, Worldview has earned a 2011 Innovation Award from Business Insurance magazine, and a 2011 Risk Innovator^TM Award from Risk & Insurance magazine.

“With Worldview and our range of multinational insurance capabilities, ACE continues to raise the standard for service and transparency in the industry,” said Michael Furgueson, President of ACE’s Multinational Client Group. “The Worldview portal brings together ACE’s deep experience and global expertise in a client-centered technology platform built to meet the demanding requirements of our multinational customers and their brokers.”

Worldview, which is now in use by more than 1,200 clients and brokers, is part of ACE’s Global Program Solutions^SM, or ACE GPS^SM, capabilities that together make ACE one of the few insurers that can help companies manage their worldwide risks. In addition to advanced technology, ACE’s multinational capabilities include:

• Local operations in more than 50 countries and partnerships in over 120 additional countries;
• Broad product array and underwriting appetite, with more than 200 insurance products and a wide range of customized solutions;
• Sophisticated local claims management and risk consulting and engineering services;
• Local and global legal and regulatory expertise; and
• A network of global client executives and network managers in key locations around the world who coordinate all of ACE’s global resources on behalf of multinational clients.

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. Additional information can be found at: www.acegroup.com.