Showing posts with label products. Show all posts
Showing posts with label products. Show all posts

Wednesday, May 29, 2013

ACE USA launches physician professional liability insurance products

ACE USA launches physician professional liability insurance products - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk General Insurance
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ALL IBR | Personal Lines Personal Lines Home |News |White Papers |Suppliers |Companies Return to: IBR Home | General Insurance | Personal Lines Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Personal Lines News ACE USA launches physician professional liability insurance products IBR Staff Writer Published 09 April 2013

ACE Medical Risk Group has launched an array of physician professional liability insurance products and coverage services to support hospitals and healthcare facilities for their employed physicians, and their owned or affiliated medical groups.

The product assortment comprises companion primary physician professional liability policies, fronting capabilities for primary physician professional liability policies, reinsurance of physician professional liability policies issued by healthcare facility captives.

The company has also introduced a uniquely structured integrated hospital and physician insurance program that may include separate or shared retentions and policy limits.

Available for hospitals, healthcare facilities and Accountable Care Organizations (ACO), the physician professional liability insurance coverage offers insurance or alternative risk financing services to their employed physicians, or owned or affiliated medical groups.

ACE Medical Risk Group executive vice president Caroline Clouser said that the need to offer insurance services for hospital-physician integration has become a priority due to the increased economic pressures faced by hospital systems and Accountable Care organizations.

"We are pleased to be able to offer this expanded coverage to meet the growing needs of both hospitals and physicians to support the changing delivery of high quality healthcare," Clouser added.

The companion Primary Physicians Professional Liability policy offers separate limits of liability each physician and corporate entity, defense expense in addition to policy limits, first dollar coverage with no deductible or deductible options.

Further, it offers individual tail coverage or group rolling tail coverage for departed physicians, consent to settle provision, professional legal & audit defense coverage as well as full claims capabilities to support companion primary physician primary policies.

Operating as a division of ACE USA, the group delivers primary and excess medical professional liability for hospitals, miscellaneous healthcare facilities, and managed care errors and omissions coverage.

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General Insurance> Personal Lines

Related Dates
2013> April

Related Industries
Financial Services> Insurance> Accident & Healthcare
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Tuesday, May 28, 2013

ACE introduces surety products suite in Italy

ACE introduces surety products suite in Italy - Insurance Business Review Jump to page content Accessibility Log in or Register for enhanced features|Forgotten Password? White Papers | Suppliers | Events | Report Store | Companies |Dining Club General Insurance Commercial Lines Personal Lines Claims Insurer Life Insurance & Pensions Intermediaries Brokerage Underwriting London Lloyds Reinsurance Technology Technology in Insurance Outsourcing Regulatory & Risk Insurance Business Review All Insurance Business Review Return to: IBR Home | News Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk News ACE introduces surety products suite in Italy IBR Staff Writer Published 16 May 2013

ACE Group, a multiline property and casualty insurer, has introduced a suite of surety products for the Italian market, in an effort to continue expansion of its international capabilities in the Continental Europe region.

Supported by the company's global network, the new portfolio will feature contract bid, performance and advance payment bonds, vat and customs bonds, as well as bonds to secure payment and legal/regulatory obligations, and appeal adverse tax-related and civil judgements.

The company has also appointed Edoardo Sacchi as Surety Underwriting Manager, with immediate effect, to grow and develop its surety capabilities in Italy, and support continued development of its European surety offering.

Operating from Milan, Sacchi will report to Luc Reuter, senior vice president and head of Surety, Europe.

Sacchi holds over 25 years of experience in surety and has recently worked at Zurich Insurance as Head of Surety for Italy.

Reuter said, ''Our move in to Italy is a natural extension of the successful strategy we began last year.''

ACE Group Country Italy president Orazio Rossi said, ''The addition of surety to our portfolio underlines our commitment to providing a broad proposition for our Italian clients.''

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Related Dates
2013> May

Related Industries
Financial Services> Insurance> Non-Life Insurance> Commercial Insurance> Surety, Bonds & Credit
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