Insurer extends Environmental Risk capabilities
ACE is to begin writing the company’s portfolio of Environmental Liability products at Lloyd’s.
The insurer's suite of environmental products is now available through ACE Global Markets Syndicate 2488. Capacity to a maximum of £20m (€25m/US$30m) can be offered per risk for all worldwide territories, including the USA.
Wayne Harrington, environmental risk manager for UK & Ireland, said: “Utilising our Lloyd’s capacity further demonstrates ACE’s global commitment to the environmental insurance business.
"This move facilitates broker access to our range of Environmental Liability products at a time when they need a flexible, financially strong insurer more than ever.
“Having a Lloyd’s presence further enhances the efficiency and effectiveness of our solutions and their distribution, particularly for international risks and the global programmes we offer multinational clients.”