ACE boosts specie insurance capacity

ACE Global Markets, the London-based wholesale insurance division of ACE Group, has increased capacity to $100 million for its fine art and specie insurance coverage.

Recently, ACE boosted its London-based team with the addition of a fifth specialist underwriter, Gemma Bartlett.

Jason Roe, specie product head, ACE Global Markets, said: “Our increased capacity and the investment in additional underwriting capability including Gemma reflect our growing appetite in this specialist area of fine art and specie insurance.

“Clients turn to the London market for innovative solutions, and over the years, ACE has built an enviable reputation for responding to their evolving requirements. As the needs of our clients become increasingly international, ACE is one of the few players with the capital base, network, claims and underwriting expertise to provide comprehensive sophisticated solutions.”