Ace Group says it has added environmental liability coverage to its corporate multinational product, Ace Evolve, as an enhancement reflecting increased environmental regulation and mounting pressure to be socially responsible.
"With growing scrutiny and regulation on environmental issues across almost every territory, plus the increasing number of environmental incidents that affect mainstream organisations, brokers are under increasing pressure to offer clients global environmental cover," says Tom Hillier, environmental liability and London casualty manager at Ace, in a statement. "This can prove difficult when operating across territories with varying legislation."
But Ace Evolve allows clients to benefit from Ace's expertise in environmental liability and multinational programs, he adds. The enhancement was derived from broker and client feedback, Ace says.
Louise Joyce, Ace Evolve product manager adds: "The addition of environmental liability cover to the Ace Evolve package product will enable brokers to benefit from ACE’s leading expertise in the area by offering their clients a practical solution for this important emerging risk.”
Source: Ace Group