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ACE expands finite risk reinsurance offerings

Judy Greenwald

July 09, 2004 Reprints

European Union P/C Insurers Ace Asia-Pacific & Australasia Bermuda Canada China Latin America United Kingdom More + Less -

HAMILTON, Bermuda--ACE Global Re, the reinsurance division of the ACE Ltd., is expanding its finite risk reinsurance offerings, including establishing a new unit to underwrite the business.

ACE will market both prospective and retrospective finite risk reinsurance structures globally under the ACE Tempest Re brand name, according to the company.

Stamford, Conn.-based ACE Tempest Re USA will establish a new unit that specializes in finite risk reinsurance. Also, Bermuda-based ACE Financial Solutions International, ACE's financial services unit, will offer new and renewal finite risk reinsurance in addition to finite risk insurance. New York-based ACE Financial Solutions will continue to concentrate on finite risk insurance.

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ACE expands finite risk reinsurance offerings

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