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ACE Financial Solutions

ACE Financial Solutions (AFS) provides customized insurance and reinsurance solutions to clients with unique or complex risks that are not adequately addressed in the traditional insurance marketplace. AFS is equipped to structure cost-effective solutions and provide tailored products that provide clients with a customized program, balancing risk assumption and insurance protection in conjunction with an efficient use of the insured's capital.

Coverage:

  • Collateral Replacement Product: Offers prospective and existing clients an alternative solution to traditional Letter of Credit requirements. Aggregate loss protection is also available. 
  • Loss Portfolio Transfers (LPTs) and Close-Outs: Offers solutions to insureds seeking alternatives to expensive or burdensome collateral requirements, as well as close-out options for existing clients and clients seeking to escape ongoing self insured or deductible liabilities.
  • Novations: AFS can underwrite and "step in the shoes" of an original insurer in order to provide insureds with the financial security and stability they require for ongoing claims liabilities
  • Generally, novations are an alternative for insureds that have policies issued by financially troubled, undercapitalized, or exiting commercial carriers.
  • Structured Risk Products: Offers client-specific insurance products for large organizations facing a wide spectrum of risk management challenges, including difficult to insure exposures. Customized programs are designed to provide substantial capacity over a broad range of coverages. Structures can also be designed to meet the needs of clients who are willing to retain their exposure but have a need for A+ rated paper, typically due to complex regulatory or rating agency requirements. These programs may involve reinsurance from a captive or matching deductibles. Coverages include, but are not limited to: environmental cost caps, professional and management liability, general liability, auto liability and workers' compensation. Warranty exposures are frequently considered for fronted structures.

 

Insurance provided by ACE American Insurance Company, ACE Fire Underwriters Insurance Company, ACE Property & Casualty Insurance Company, Indemnity Insurance Company of North America, Philadelphia, PA, and, in some jurisdictions, other insurance companies within the ACE Group. The product information above is a summary only. The insurance policy actually issued contains the terms and conditions of the contract. All products may not be available in all states. Surplus lines insurance sold only through licensed surplus lines producers.