Insurance — Overseas General
Insurance – Overseas General comprises ACE International, the company’s retail broker-distributed business outside of North America, and ACE Global Markets, a London-based wholesale market business that includes a syndicate on the Lloyd’s trading floor. These businesses write a variety of coverages, including commercial property, casualty, professional lines, marine, energy, aviation, political risk and construction risk, as well as consumer-oriented products such as A&H and traditional and specialty personal lines. The segment also includes the international operations of Combined Insurance, which provides specialty accident and supplemental health insurance products to middle-income consumers in Europe and Asia Pacific
Insurance — North American P&C
The businesses of the Insurance – North American P&C segment serve clients ranging from the largest multinationals to mid-size and small businesses to high net worth individuals. ACE USA, which distributes coverage through retail brokers, provides a broad array of specialty property, casualty, and accident and health insurance products and risk management services to corporate clients across the U.S. and Canada. ACE Westchester specializes in excess and surplus lines specialty products, including property, inland marine, casualty, professional lines, and environmental liability products distributed through wholesale and select retail brokers. ACE Bermuda writes high-level excess liability, property, political risk and directors and officers insurance worldwide. ACE Private Risk Services provides high net worth individuals and families with homeowners, automobile, valuables, umbrella and recreational marine insurance. ACE Commercial Risk Services offers specialty insurance products and solutions for small businesses through a broad range of distribution channels.
Insurance — North American Agriculture
Insurance – North American Agriculture comprises Rain and Hail, which provides comprehensive multiple peril crop and crop-hail insurance distributed through a nationwide network of specialized agents; and ACE Agribusiness, which offers farm and ranch property as well as specialty P&C coverages distributed through brokers and agents for companies that manufacture, process and distribute agriculture products.
Marketing its coverage worldwide under the ACE Tempest Re brand, the businesses of the Global Reinsurance segment provide a broad range of property and casualty reinsurance products to a diverse array of primary insurers. Business units include ACE Tempest Re Bermuda, ACE Tempest Re USA, ACE Tempest Re Canada, and ACE Tempest Re International, which encompasses P&C reinsurance operations based in London and Zurich. ACE Tempest Re also has operations in China and Brazil through Lloyd’s.
ACE Life provides traditional life insurance protection and savings products to meet the needs of individuals and groups primarily in Asia and Latin America. The North American operations of Combined Insurance distribute specialty individual accident and supplemental health insurance products predominantly through captive agents to middle-income consumers in the U.S. and Canada. The Life segment also includes the company’s life reinsurance operations, which have been closed to new business since 2007.