ACE Group News

Reputation the Hardest Risk to Manage According to New ACE Research

92 percent of companies believe that reputational risk is the most challenging category of risk to manage, according to a major new study from ACE Group conducted across 15 countries within its EMEA (Europe, Middle East and Africa) region. ACE’s …

ESIS Expands Global Claims Platform With Global Catastrophe Service

ESIS, a risk management services company owned by the ACE Group, today announced that it now has its own global network with twelve ESIS hubs in the United Kingdom, South Africa, Spain, Belgium, Germany, Singapore/Malaysia, Hong Kong, Australia, Japan, Mexico, …

Pennsylvania Insurance Department Assumes Regulatory Role for Global Insurer

Insurance Commissioner Michael Consedine today announced that the department has recently assumed the role of group-wide supervisor for the ACE Group. A new state law enhances the state’s oversight of some of the largest global insurance companies with a major …

ACE Appoints Andrew McBride to Lead International Claims Operations

The ACE Group announced the appointment of Andrew McBride as executive vice president, Claims, for its international businesses. In this role, McBride will be responsible for the company’s claims operations supporting its property and casualty and accident and health insurance …

Rain and Hail Announces Executive Management Promotions

Rain and Hail, the agricultural insurance division of the ACE Group headquartered in Johnston, Iowa, announced several promotions among its executive management team. Bob Haney has been appointed chairman. Through his nearly thirty-year career with the company, Haney has held …

ACE Acquires General Insurer Rio Guayas in Ecuador

The ACE Group announced the acquisition of Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately US$55 million in cash. Founded in 1993 and currently the fourth-largest …