ACE rebrands some European units.
Ben Norris wrote for Business Insurance that ACE European Markets Insurance Ltd. and ACE European Markets Reinsurance Ltd., both Dublin, Ireland-based, began trading under the business name of ACE Bermuda International with effect from 1 Oct. 2007. In addition the legal company names will change to ACE Bermuda International Insurance Ltd. and ACE Bermuda International Reinsurance respectively. This is a trading name change and all other aspects of operations will remain unchanged, ABI said on its Web site. "The ACE Bermuda International brand will bring more clarity to the marketplace with regards to our business model and allow us to align the company more strategically with our parent company, ACE Bermuda," said Anup Seth, ABI’s managing director. ABI has also announced the opening of a new box at Lloyd’s of London. The box, which officially opened for business on Oct. 1, will support ABI’s international expansion and serve as an additional channel to market the company’s existing products, ABI said in a statement.

New ACE global property division.
Insurance Day reported that ACE has launched a new underwriting division tailored to the domestic and global exposures of medium- to large-sized companies. ACE USA Global Property - Corporate Risk Programme offers first-party coverage to industries including property, transportation, logistics and manufacturing. The division will provide worldwide property coverage under a single programme to clients with global revenues of $50m to $1bn. The minimum deductible will be $10,000. ACE USA Global Property operates through ACE Global Underwriting Group, a division of ACE USA. ACE USA is the US-based retail arm of the ACE group of companies.

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