CASUALTY CASUALTY INSURANCE SOLUTIONS

CASUALTY CASUALTY INSURANCE SOLUTIONS

CONTENTS Casualty Insurance Solutions 03 Products and coverage extensions 04 Preferred industry segments 04 Casualty Capacity by NAIC code 05 About ACE 05 ACE Global Guard 06 ACE Global Program Solutions (GPS SM ) 06 ACE Global Risk Engineering 07 00

CASUALTY INSURANCE SOLUTIONS ACE in Australia provides Public and Products Liability Insurance to a diverse range of businesses, from SME s through to multinational clients. Our international network of underwriting, claims and risk control professionals can tailor liability coverage to help businesses reduce risk and mitigate loss - all backed by a strong capital base that allows us to cover major exposures. 03

CASUALTY INSURANCE SOLUTIONS Products and coverage extensions Broadform public and products liability Umbrella liability Excess liability Broadform Liability and Environmental Protect package Marine Services Liability Global Guard (Multinational Liability) Errors and omissions Product recall expenses Ability to write to manuscript wordings Policy Highlights ACE has launched a new and improved Broadform Liability Insurance policy that includes a host of enhanced coverage features. Policy highlights include as standard: USA/Canada coverage coverage under the policy is extended to include personal injury and property damage in the USA and Canada. This includes products exported into both countries and the activities of travelling staff members who do not live there. Excess motor liability the policy includes coverage for the damage of motor vehicles in control of the insured (in excess of a separate motor insurance policy). Vendors indemnity coverage for personal injury and property damage for any person or organisation that sells the client s products in the regular course of their business. Property in the insured s care, custody or control The aggregate limit of liability for property in the client s care such as vehicles, leased premises and the personal effects of employees is $500,000. Indemnity to principals and others - The definition of Insured is extended to include any principal, person or company for which the Insured is obligated to provide insurance as afforded by the Policy. Preferred industry segments ACE has a broad appetite to write a wide range of industry segments, with each risk being individually underwritten on its own merits. Our preferred risks include, but are not limited to: Manufacturers Importers, distributors & exporters Retail Engineers Financial institutions Property owners Media and telecommunications Medical equipment Healthcare Aged care Mining (open cut and underground hard rock) Mining & energy contractors, including offshore Junior explorers Hotels/motels* Downstream oil & gas Power generation Utilities Ship repairers Marina operators Civil engineering projects * Accommodation only, no pubs 04

About ACE ACE Group is one of the world s largest multiline property and casualty insurers. ACE, via acquisitions by its predecessor companies, has been present in Australia for over 50 years. Casualty Capacity by NAIC code ACE is a market leader in terms of the amount of capacity we are able to deploy on casualty programs. This gives us a strong competitive advantage on large and complex casualty placements. Superior Financial Strength ACE Group s core operating insurance companies consistently receive among the highest ratings for financial strength from the rating agencies. The current Standard & Poor s ratings are: NAIC Category Agriculture, Forestry, Fishing and Hunting Capacity Available $100M Standard & Poor s ratings* AA/Stable ACE Group s core operating insurance companies AA-/Stable ACE Insurance Limited (Australia) ACE Group Financial Performance Several key data points attest to ACE Group s solid financial foundation and growth. Net Loss Reserves, which back our policyholder commitments, reflect ACE s stability and capacity to pay claims in long-tail insurance classes: (US$ in billions) 2002 2007 2013 Total Assets $43.9 $72.1 $94.5 Gross Premiums Written 12.8 17.7 22.8 Net Loss Reserves 11.0 22.8 26.2 Five-Year Average Combined Ratio (2009-13): 91.0% * The use of the S&P rating is restricted and is provided solely for the information of wholesale clients. It must not be used by or relied upon by any retail client. Mining $50M Utilities $50M Construction $100M Manufacturing $100M Wholesale Trade $100M Retail Trade $100M Transportation and Warehousing $100M Information/Communications $100M Finance and Insurance $100M Real Estate Rental and Leasing $100M Professional, Scientific and Technical Services Management of Companies and Enterprises Waste Management and Remediation Services $100M $100M $100M Educational Services $100M Health Care and Social Assistance $100M Arts, Entertainment and Recreation $100M Accommodation and Food Services $100M Public Administration $50M 05

CASUALTY INSURANCE SOLUTIONS Companies are increasingly operating in a global environment with subsidiaries or even small sales outlets positioned overseas. A multinational presence brings with it increased risk as corporations are faced with varying regulatory and legislative requirements, cultural differences, attacks on their reputation and a lack of insurance expertise. ACE Global Guard ACE Global Guard is a co-ordinated insurance and risk management solution for companies with international subsidiaries or assets. Whether you are a manufacturer with factories overseas, a financial institution with offices around the world, or an international network of hotels, the ACE Global Guard product will give you a centralised and effective solution to your multinational insurance requirements. Your ACE underwriter will structure insurance programs that address your specific needs. From regulations governing foreign subsidiaries, to the use of nonadmitted insurers, to excess liability, or to localised Public Liability coverage, we deliver solutions that are truly global. ACE Global Guard enables you to: Build the insurance program ACE Global Program Solutions (GPS SM ) ACE Global Program Solutions represents the totality of ACE s multinational insurance capability. ACE GPS SM brings together ACE s local insurance professionals and network partners, innovative technology, broad product array, and legal and regulatory expertise to help our clients and their brokers to manage their worldwide insurance programs. With ACE GPS SM you will benefit from: ACE s physical presence in 54 countries An extended network of long-term ACE partners covering more than 170 countries Dedicated Client Relationship Managers Multinational claims service representatives to coordinate claims across our global network A broad product range spanning property, casualty, and accident and health Access to ACE Worldview SM an award winning online portal enabling brokers and clients to manage their global insurance programs in real time Extensive in-country, product-specific and multinational compliance expertise Issue compliant and locally admitted policies in the countries that you require Tailor coverage that suits your business Move premiums quickly and efficiently Resolve claims around the world 06

ACE Global Risk Engineering In addition to our leading insurance products, ACE offers Liability Risk Management services through its in-house Risk Engineering specialists. ACE s Liability Risk Engineers have extensive experience in a wide range of industries and are familiar with local regulations, work practices, and international loss prevention standards. Their job is to assist ACE clients to better control and manage liability risk. ACE Risk Engineering Services in the Asia Pacific region are part of a global network of risk engineering consultants based in major cities around the world. The group is managed by Regional Directors who communicate and meet on a regular basis to ensure a high standard of service for our customers. Our risk engineers come from various engineering backgrounds; this diversity strengthens our expertise in loss prevention. We have also gained extensive experience in general commercial and heavy industries as well as areas such as occupational health & safety, public and products liability and environmental risk. ACE Global Engineering Network resources currently support industries such as metal fabrication, chemical manufacturing, electronics, telecommunications, food and beverage, pulp and paper, non-prescription pharmaceutical, hospitality, primary metals, healthcare, educational institutions, leisure and entertainment, printing, real estate, large and medium sized manufacturing risks and many others. The following is a sample of services currently offered through our ACE Liability Engineering team operating from our offices throughout Asia Pacific: Liability risk benchmarking programs for: - Public Liability - Product Liability Employers Liability (Hong Kong & Singapore) Product recall benchmarking: the Green Light program Hazard inspection and assessment surveys and reporting Technical advice on industry trends and emerging risk exposures 07

CONTACT US ACE Insurance Limited ABN 23 001 642 020 AFSL: 239687 Australia Head Office and New South Wales Branch The ACE Building 28 O Connell Street Sydney NSW 2000 Tel: (02) 9335 3200 Fax: (02) 9335 3411 www.acegroup.com/au Queensland Branch Level 27, 10 Eagle Street Brisbane QLD 4000 Tel: (07) 3221 1699 Fax: (07) 3221 4124 South Australia Branch Level 7, 147 Pirie Street Adelaide SA 5000 Tel: (08) 8418 3000 Fax: (08) 8418 3010 Victoria Branch Level 16, 600 Bourke Street Melbourne VIC 3000 Tel: (03) 9623 7222 Fax: (03) 9629 5058 Western Australia Branch Level 26, 44 St George s Terrace Perth WA 6000 Tel: (08) 9325 2399 Fax: (08) 9221 1559 Important Notes Any advice in this brochure is general only. Before acting on this advice, please consider your objectives, financial situation or needs. This brochure is intended to provide only a general description of the products and associated services offered by ACE Insurance Limited (ABN 23 001 642 020). We recommend that a potential purchaser thoroughly examine any of our policy offerings and consult with an appropriate expert to be certain of the precise nature of its details. Potential purchasers should contact ACE or their broker and / or insurance agent for further advice. 2014 ACE Group. Coverages underwritten by one or more companies of the ACE Group. Not all coverages available in all jurisdictions. ACE, ACE logo, and ACE insured are trademarks of ACE Limited. ACE2-17-0714 00