ACE Tempest Re USA Inc., a wholly-owned subsidiary of ACE INA Holdings, Inc. (underwriting on behalf of ACE USA), announced it has joined forces with The Hartford Financial Service Group’s HartRe subsidiary to offer workers’ compensation catastrophe coverage with $20 million in capacity.
This initiative was created to respond to the market needs of primary insurers of workers’ comp. ACE Tempest Re USA will originate and manage business on behalf of both companies accessing the joint entities’ combined surplus of $6.2 billion.
Limits offered are up to $20 million, including $10 million each from ACE Tempest Re USA, Inc. and HartRe.
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