ACE Offers Insurance For High Net Worth Personal Properties In Canada

ACE Group has launched high net worth personal insurance capabilities in Canada through ACE Private Risk Services. It will offer insurance solutions for Canadians, Americans, and other foreign citizens with properties in Canada. The program features a highly customizable and specialized package of policies that can include home, valuable collections, watercraft, umbrella liability, and, through an alliance with CAA Insurance. The launch in Canada begins in Ontario. “We see a tremendous opportunity in Canada, where the high net worth personal insurance market exceeds $1 billion in premium,” says Andy Hollenberg, Canada country president for ACE. He says, “Many financially successful individuals and families remain with standard insurance companies that may lack the specialized coverages they actually need. ACE’s approach provides customized coverages and services to offer a comprehensive risk management solution, making it easier for independent agents and brokers to attract and better service this important client group.”