The ACE Group of Companies is one of the world’s largest providers
of insurance and reinsurance. ACE USA traces its roots to the Insurance
Company of North America, founded in 1792 and was the first U.S.
based marine insurance company. Its first policy, written in 1792,
insured the hull of the ship "America" and the goods it
carried from Philadelphia to Ireland. By removing the financial
risk from the dangers of ocean commerce, they helped the young U.S.
shipping business flourish. Today, ACE’s 7500 employees worldwide
operate in 50 countries around the world with an exceptional underwriting
team committed to discipline, excellence and integrity.
The ACE Group has annual premium revenues of $10.2 billion and excellent
financial ratings. Financial Ratings are a measurement, gauged by
respected independent sources, assuring current and prospective
customers of a company's financial stability. The major rating agencies
are A.M. Best, Moody’s and Standard & Poors - each with
its own coding system for excellence. ACE USA’s ratings are:
Superior ("A+") rating from the A.M. Best Company
• Very Strong ("A+") rating from Standard &
• Excellent ("A2") from Moody's
ACE USA has an entire division dedicated to ocean
marine insurance. Each member of their professional staff is a marine
specialist – from underwriters and customer service teams
to marine surveyors and claims personnel. This expertise allows
ACE to offer one of the industry’s most comprehensive packages
of marine insurance products and services.