Giant broker Willis has formed a strategic partnership with ACE Bermuda Insurance, a subsidiary of ACE Limited, based on the establishment of an ACE-owned Protected Cell Company in Guernsey.
The company, called ACE PCC Insurance, will write a wide range of alternative risk financing products backed by substantial net capacity of up to $200m.
Willis will provide management and marketing input.
Mark Kealy, underwriting manager at ACE European Markets Insurance, will be the main contact in ACE for PCC.
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