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Why Choose ACE?
Why choose ACE Power Products as a risk management partner?
- We have been providing coverage for replacement power during outage events since volatility first emerged in 1998. As markets have changed, so has our coverage. We are constantly working toward improving coverage in line with market needs.
- Because ACE USA’s underwriters work with you to provide solutions tailored to your needs, there is less basis risk to your underlying need than a commodity solution. The basic product concept – “event driven coverage for events which affect your organization” – also means the coverage is efficiently priced for your needs.
- We are not a commodity provider and will not force a solution on you to make it a ‘trade-able’ product. There are also no scheduling requirements and other mandates. Indemnification is through a look back mechanism.
- We are a financially strong and diversified company. ACE USA is rated "A+" (Strong) by A.M. Best and "A+" (Strong) by Standard & Poor's.
- We have policy limits available up to $150 million.
- We are not a potential competitor in your business. All underwriting information is held in strict confidence.
- ACE allows for real time, hourly settlement, while call options and other market alternatives tend to be day-ahead settlement using average daily prices.
- ACE offers coverage at a competitive rate for terrorism as mandated by the Terrorism Risk Insurance Act of 2002, under its standard programs.
- Our policy form is clear, concise and tested.
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