Schemes news: Multinational cover from Ace
Ace UK has introduced a multinational cover in order to address the compliance challenges faced by companies operating in multiple regulatory regimes.
In addition to providing local policies in relevant territories, and non-admitted policies where permissible, Ace's master multinational policies has been designed to indemnify a business' parent company on a difference-in-conditions/difference-in-limits basis, for its own financial loss and not the losses suffered by their overseas entity.
In addition, Ace Bermuda International has announced enhancements to its Coda product, which provides personal asset protection for directors and officers in
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