ACE expands crisis management services

Insurer ACE has expanded its environmental risk insurance to include crisis management cover as part of its strategy to support evolving needs of companies in Europe.

The proposition now covers the costs of counsel and other expert services for businesses as they try to maintain and restore public confidence following a serious environmental incident.

In ACE’s recent Emerging Risks Barometer, companies across the Europe, Middle East and Africa (EMEA) region ranked environmental risk as the second most likely emerging risk to have a financial impact on their business in the next two years.

ACE will partner with red24assist to provide clients a crisis response services that will allow them to streamline their communications and processes and access critical specialist resources which will help to preserve their reputation and bottom line.

Karl Russek, senior vice president Environmental Risk for ACE Overseas General said: “At ACE, we believe that managing environmental risk successfully is about more than issuing an insurance policy. In particular, the reputational aspect of a serious environmental incident in the age of the 24-hour news cycle and social media is more important than ever before for businesses and needs dedicated expertise.

“By expanding our environmental risk proposition with crisis management services we can now offer our clients and their brokers comprehensive insurance cover combined with the reassurance of access to critical services that can help them navigate the immediate aftermath of a serious environmental incident.”