Visit the ACE Bermuda website.

ACE Bermuda Insurance Ltd. (ACE Bermuda), the original insurance company of the ACE Group of Companies, provides insurance protection for risks worldwide. ACE Bermuda was established in 1985 by a consortium of 34 Fortune 500 companies to provide high-level excess liability and directors and officers insurance when capacity was extremely scarce.

Over the past 20 years this Bermuda-based whollyowned subsidiary of ACE Limited has earned its reputation as a premier insurance carrier. Employing a disciplined and highly analytical underwriting approach to risk assessment and pricing, ACE Bermuda’s professionals offer a responsive service both from an underwriting and claims perspective.

ACE Bermuda’s business model focuses on Fortune 1000 companies and underwrites exposures that are generally low in frequency and high in severity. ACE Bermuda is a leading provider of high-level excess liability, directors and officers, professional liability and property insurance, political risk coverages, and captive programs.  Additionally, ACE Bermuda offers a premium source of quality directors and officers insurance protection through its subsidiary, Corporate Officers & Directors Assurance Ltd. (CODA).

Key Products:

• Excess Liability: Products Liability, GL/EL/AL, Pollution, Workers Compensation, Punitive Damages, Follow Form Occurrence, AEGIS Follow Form, Occurrence First Reported Form
• Professional Lines: Directors & Officers Liability, Employment Practices Liability, Errors & Omissions, Fiduciary, Lawyers Professional Liability, CODA (Primary and Excess D&O), CODA Independent Directors Liability, CODA Officers Liability
• Property: All-risk Insurance, Standalone Cat Covers, Condemnation Insurance, Events Cancellation, Contractors Liquidated Damages, Nuclear Risks, Transmission and Distribution Lines

ACE Bermuda subsidiaries/joint ventures include:

• Sovereign Risk Insurance Ltd. (Sovereign): Sovereign is a specialized political risk insurance (PRI) and reinsuranceunderwriter based in Bermuda. It is one of the world's leading providers of medium- and long-term political risk insurance and reinsurance. Our clients include most of the world's major commercial and investment banks, export credit agencies and multilateral institutions.  With maximum tenors of 15 years and per-project amounts of $125 million, we provide highly rated, customized PRI solutions for business in emergingmarkets.
  
  Key Products:
  • Currency Inconvertibility and Nontransfer
  • Expropriatory Actions and Breach of Contract
  • Political Violence
  • Sovereign or sub-sovereign nonpayment
  • Sovereign’s maximum tenors are 15 years for PRI and 10 years for sovereign & sub-sovereign nonpayment
    
    
• Corporate Officers & Directors Assurance Ltd. (CODA): The innovative CODA policy form is designed to give comprehensive financial protection to directors and officers when their company fails to indemnify them, or when traditional insurance programs fail to respond to their needs. ACE Bermuda offers three CODA products – CODA Premier, CODA Independent Directors Liability, and CODA Officers Liability. CODA was formed by its policyholders in 1986 and acquired by ACE Bermuda in 1993.
  
  
• Paget Reinsurance International Ltd. (Paget Re): Rent-a-captives have gained popularity in recent years as offering alternative solutions to insured risk management challenges. Recognizing this trend, ACE Bermuda offers a rent-a-captive facility through Paget Re - a Bermuda registered Class 3 and long-term insurer.  Rent-a-captives can provide many of the benefits of a wholly owned captive insurance company. They offer an ideal solution for both mid-sized and large corporations seeking to retain risk without the long-term level of commitment, time or cost associated with running their own captive.  Features include access to an established network able to offer fronting in allmajormarkets, substantial capacities within the ACE Group to supplement each program, access to claims-management services and the flexibility to meet clients’ needs.
  
  
• ACE Bermuda International: ACE Bermuda International (formerly known as ACE European Markets) was established in Dublin in 1997 to provide low-frequency, high-severity excess capacity to European and international clients following the underwriting discipline and guidelines developed by ACE Bermuda for its US clients.  Additional support for our Europe-based clients is available through ABI’s branch office in London.
  
  Key Products:

• Excess liability
• Property
• Professional lines
• CODA