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ACE (American Casualty Excess) Limited was established in 1985 in response to the U.S. liability insurance crisis of the mid-1980s. It was formed with the assistance of insurance broker Marsh & McLennan [17] and funded by a group of 34 U.S. companies seeking difficult-to-obtain Excess Liability and Directors and Officers (D&O) insurance coverage. [18]
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Fireman's Fund provided Farm and Ranch insurance for American farmers since 1876 – owner occupied family farms and larger scale agricultural operations for ranchers, farmers, and dairy owners. Fireman's Fund was the first insurer in the United States to offer green insurance coverage for both personal and commercial lines, starting in 2006.
The term Bermuda Form refers to various types of insurance policy.. In the 1980s, American companies found it increasingly difficult to buy large amounts of casualty (liability) insurance, partly because American courts interpreted policies in ways which gave coverage to policyholders which was wider than the insurers had anticipated, causing insurers large losses particularly in relation to ...
ACE USA Announces Executive Management Appointments within its Underwriting Units in Casualty Lines PHILADELPHIA--(BUSINESS WIRE)-- ACE USA, the U.S.-based retail operating division of the ACE ...
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In July 2015, Greenberg led a deal for ACE to acquire the insurance company Chubb for $28.3 billion, [8] which was the largest merger deal in property and casualty insurance history. [9] Shortly prior to the deal, he broke his ankle in a horse riding accident, and he worked on the merger while recovering. [4]
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