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With underwriting operations in London, Zurich and Shanghai, ACE Tempest Re Europe writes numerous classes of traditional and non-traditional reinsurance including aviation, casualty, marine and property treaty reinsurance worldwide.
In London we offer brokers and clients access to the FSA authorised ACE European Group Limited and the Lloyd’s reinsurance market through a division of ACE’s Lloyd’s Syndicate 2488. Our ACE Tempest Re Zurich office, established in September 2005, provides cover directly to continental European brokers and clients through ACE Insurance (Switzerland) Limited, a Swiss insurance company formed in 2008. The Shanghai office operates through a division of Lloyd's Reinsurance Company (China) Limited and provides cover to Chinese brokers and clients. All our ACE Tempest Re operations remain committed to working with clients and brokers to create products that are of genuine value and that enable our customers to meet their business goals.
ACE Tempest Re Europe champions a rational approach to risk assessment and pricing, with an emphasis on actuarial modeling and lateral thinking. The company provides significant risk capacity; underlying exposure information is used to thoroughly evaluate the risks. To achieve this, we work with clients and brokers, providing transparent feedback of analysis and modeling, and an understanding of pricing. Our goal is to equitably share risk and reward based on actuarial risk assessment.
History The ACE Tempest Re Europe portfolio has a history of more than 40 years with recognized leadership in aviation, casualty, marine and property classes. Our operations remain committed to working with clients and brokers to create products that are of genuine value and enable customers to attain their business goals.
Products ACE Tempest Re Europe’s underwriting capabilities include:
- Property Treaty — Catastrophe, per risk, aggregate/stop loss covering property, engineering and construction, and agriculture
- Casualty Treaty — Automobile, fidelity, directors & officers, film, personal accident, general liability, clash, medical malpractice, professional indemnity, surety, title, employer’s liability
- Marine — Hull, cargo, specie, liability and energy business (onshore and offshore)
- Aviation — Proportional, non-proportional, specialty and contingency
- Specialty — Primary property facultative, energy facultative, nuclear
Financial Strength The statutory entities for which ACE Tempest Re Europe underwrites have financial strength ratings as follows as at 18 August 2009:
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AM Best |
S&P |
Fitch |
Moody’s |
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ACE European Group Limited |
A+ |
A+ |
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ACE Lloyd's Syndicate AGM 2488 |
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A- |
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ACE Lloyd's Sundicate 2488 benefits from the Lloyd's market ratings |
A |
A+ |
A+ |
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Lloyd's Reinsurance Company (China) Limited |
A |
A+ |
A+ |
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ACE Insurance (Switzerland) Limited |
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A+ |
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For more financial information on ACE's global reinsurance operations or ACE Limited, the ACE Group's Swiss-incorporated parent company visit www.acelimited.com and click on the Investor Information page. Here you will find the ACE Limited annual report, financial supplements and rating information.
ACE Financial Review Also at www.acelimited.com you will find the ACE Financial Review webcast - ACE Limited Chief Financial Officer Philip Bancroft provides an overview of the ACE Group's financial position, invested asset portfolio and operating performance. Watch the ACE Financial Review - Second Quarter 2009 webcast.
Contact Information
ACE Tempest Re Europe The ACE Building 100 Leadenhall Street London EC3A 3BP United Kingdom Telephone: + 44 (0) 20 7173 7000 Fax: + 44 (0) 1293 597 246 E-mail: acetempestre@acegroup.com
ACE Tempest Re Europe A division of ACE Insurance (Switzerland) Limited Barengasse 32 PO Box 2033 8022 Zurich Switzerland Telephone: +41 (0) 43 456 7600 Fax: +41 (0) 43 456 7601 E-mail: acetempestre@acegroup.com
Lloyd's China Re 33rd Floor Azia Centre 1233 Lujiazui Ring Road Pudong Shanghai 200120 China Telephone: +8621 6162 8236 Fax: +8621 6162 8286 E-mail: acetempestre@acegroup.com
Regional Underwrting and Claims Contacts
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