ACE expands critical catastrophe capacity in North America

The ACE Group has increased its critical catastrophe limits across its North American retail and wholesale broker-distributed commercial property lines of business to $30 million.

The new capacity will be offered through the company’s network of property businesses, which includes customized fronting and captive solutions, its Specialty Catastrophe Unit, a range of wholesale products and comprehensive inland marine insurance services, ACE said Friday.

“This added capacity, coupled with our domestic and international infrastructure and our ability to offer a deep suite of additional products, ensures ACE will continue to be a valued partner to our brokers and clients,” John Lupica, chairman for insurance in North America at ACE noted.

“Since consolidating the structure of our property businesses in 2009, we have been able to distribute capacity where our clients need it most,” he added. “With this increase, clients will further benefit from ACE’s ability to coordinate capacity across our retail and excess & surplus (E&S) lines businesses in North America.”

The increase in critical catastrophe limits is available to all U.S. and Canada-based wholesale and retail property and inland marine units.