ACE Group

välkomnar
FEI´s Försäkringsstudenter !
Erik Westin

2013-11-28
ACE - Who We Are

The world’s sixth-largest multiline property and casualty insurer, based on
market capitalization of $30.4 billion.*

A truly global company, with local operations in 53 countries.

Insurance is our only business – commercial and personal P&C, personal

accident, supplemental health, reinsurance and life.

ACE Limited, the parent company of the ACE Group, is listed on the New York
Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index.

Exceptional financial strength, managing risk conservatively in both

underwriting and investing.

Core operating insurance companies are rated “AA-” (Very Strong) for
financial strength by S&P and “A+” (Superior) by A.M. Best.

* As of June 30, 2013

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WORLD`S LARGEST INSURANCE COMPANIES

• NAME MARKET CAPITALIZATION IN USD BILLION

• 1) Berkshire Hathaway 253

• 2) China Life 69

• 3) Allianz 66

• 4) AIG 57

• 5) Ping An 57

• 6) AIA (Hong Kong) 53

• 7) Axa 45

• 8) MetLife 44

• 9) Zurich 42

• 10) ING 35

• X) ACE 30

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 Global Reach

ACE has an established local presence globally, with insurance professionals and
operating subsidiaries in major markets around the world.

Approximately half of the company’s business is transacted outside the United States.

Argentina Czech Republic Indonesia Pakistan Spain Geographic Sources of Premium

Australia Denmark Ireland Panama Sweden
2012 Gross Premiums Written
Austria Ecuador Italy Peru Switzerland
Bahrain Egypt Japan Philippines Taiwan
Belgium Finland Korea Poland Thailand United States 51%
Bermuda France Macao Portugal Turkey Europe 19%
Brazil Germany Malaysia Puerto Rico United Arab Asia 12%
Emirates
Canada Gibraltar Mexico Russia
United Kingdom Bermuda/Canada 10%
Chile Hong Kong Netherlands Saudi Arabia
United States Latin America 8%
China Hungary New Zealand Singapore
Vietnam
Colombia Norway South Africa

North America Europe/Middle East/Africa Asia Latin America

Premiums* $12.9 billion
Premiums* $4.3 billion
Premiums* $2.7 billion
Premiums* $2.2 billion

Employees 8,400
Employees 2,600
Employees 4,800
Employees 3,000

Offices 160
Offices 65
Offices 130
Offices 100
* 2012 Gross Premiums Written

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Product Breadth

ACE has one of the largest product portfolios in the global insurance industry.
 More than 200 distinct insurance and reinsurance products and services
 Specialty coverages for clients ranging from multinational corporations to consumers

Products and Services Premium Distribution by Product*

Property & Casualty
Aviation/Aerospace
Agricultural/Crop
Captives
Casualty
Environmental Risk
Energy
Financial/Professional Risk
Marine
Multinational Programs
Political Risk/Trade Credit
Property
Risk/Claims Management
Specialty/Technical Risks
Accident & Health
Personal Accident/Disease
Supplemental Medical
Business/Personal Travel
Credit Life and Disability
Personal Lines
Automobile
Homeowners/Renters
Recreational Marine/Aviation
Valuables/Mobile Technology
Umbrella Liability Casualty – $7.7 B 35%
Life Property/Other – $4.9 B 22%
Term/Whole/Credit Life
Universal/Variable/Unit-Linked A&H – $4.0 B 18%
Endowments
Annuities Agriculture – $2.6 B 12%
Reinsurance
Personal Lines – $1.9 B 8%
Property Catastrophe
Professional Liability
Life – $1.0 B 5%
P&C (marine, aviation, etc.)
Life
Medical Malpractice
Environmental/Energy

* 2012 Gross Premiums Written, pro forma with 2013 Mexico acquisitions

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Commercial Property & Casualty

For large, global companies, ACE’s international network
of underwriting, claims and risk control professionals tailor
insurance coverage and services to help clients reduce
risk and mitigate loss.

For small and mid-sized businesses, we offer coverage
solutions that can be customized to meet specific needs.

Products and Specialty Areas

Commercial Coverages Industry Practices

Agriculture
Environmental Risks
Product Liability
Construction

Aviation/Aerospace
Errors and Omissions
Property
Educational Institutions

Casualty (foreign, excess,
Events Liability
Risk/Claims

Energy
general, umbrella)
Manufacturing Risks Management

Contract Liability
Surety
Financial Institutions

Marine – Inland/Ocean

Construction/Wrap-Ups
Privacy/Network Security
Healthcare

Medical Risk

Crime and Fidelity
Mergers and
Workers’ Compensation
Multinational

Directors and Officers/ Acquisitions (Excess)
Public Entities
Professional Lines

Political Risk/Trade

Energy and Power Credit
Generation

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Accident & Health

ACE works with employers and other sponsoring
organizations worldwide to deliver A&H insurance
products to employees, members and customers.

Products include employee benefits, special insurance
offered through companies, affinity groups and other
organizations, and cost-effective coverage sold by
agents and on websites.

Products and Partners

Products Sponsoring partners

Personal accident
Student accident (inter-
Employers
Cruise lines, travel
(individual and group) national travel, study
Financial institutions agencies and tour

Supplemental health and abroad) operators

Colleges, universities
disability (hospital
Global medical and other learning
Industries (retailers,
income, critical illness,
Employee benefits institutions utilities, telecommuni-
cancer, disability) cations companies, etc.)

Payment protection (life,
Affinity groups

Travel insurance disability, unemployment) (associations, labor
(business and leisure)
unions, etc.)

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Personal Lines Insurance

ACE helps high net worth clients in the U.S. and select
international markets manage their risks through a
comprehensive, flexible program offering high-value
home, auto, valuables and liability protection.

In both developing and developed international markets,
ACE offers a range of consumer insurance, including
basic property, contents, motor and specialty coverages,
such as mobile phone and identity theft protection.

Products

Homeowners
Automobile
Recreational Marine

 Fire/water damage  Collision/damage  Medical expenses
Personal Aviation
 Contents  Vandalism  Tourist policies

Valuables
 Theft  Trip interruption  Towing expenses
 Liability Property damage
Umbrella Liability
 Debris removal 
 Storm damage  Military personnel
Mobile Technology
 Personal accident  Theft

 Living expenses

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Reinsurance

ACE Tempest Re provides a broad range of
reinsurance products to a diverse array of primary
insurance companies worldwide.

Our deep underwriting, actuarial and claims
expertise in property catastrophe reinsurance and
other diversified lines enables us to tailor solutions to
meet the unique, complex needs of each client.

Products

Property Catastrophe
Accident & Health
Life

 Occurrence excess  Second- and third-
Agriculture
Marine
of loss event coverages
Automobile
Surety and Fidelity
 Aggregate excess  Catastrophe bonds
Captive Programs
Workers’ Compensation
of loss  Industry loss warranty
Casualty/Liability
 Proportional treaties coverages
Professional
 Reinstatement Risk/Directors and
premium protection Officers Liability

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Life Insurance

ACE provides protection and savings-oriented life
insurance products to individuals and groups in Asia,
Latin America and the Middle East.

ACE serves the needs of consumers through a
variety of distribution channels including agents,
banks, retailers, brokers, worksite marketing and
telemarketing.

Products

Protection products
Savings-oriented
Riders
Group life

 Term life products  Personal accident
Group medical
 Whole life  Universal life  Disability
 Credit/mortgage life  Variable/unit-linked  In-hospital and
 Endowments surgical cash
 Annuities  Critical illness/cancer
 Waiver of premium

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Underwriting Expertise

ACE is an underwriting company – underwriting is embedded in our ethos.

Our underwriters have deep expertise in a broad range of industries and specialty
coverage areas – risks where an underwriter makes a difference.

Discipline defines our underwriting approach – we embrace risk as long as we fully
understand it and can earn an acceptable return.

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Financial Strength Ratings

ACE is highly rated by the rating agencies for financial strength.
 A primary component of Standard & Poor’s (S&P) rating is its evaluation of ACE’s
enterprise risk management (ERM) process.

The company manages risk on both sides of its balance sheet by maintaining
underwriting discipline, managing exposure accumulations and investing
assets conservatively.

Rating Financial Outlook ACE’s “Strong” ERM rating from S&P places it in
Agency Strength
top 15% of N. America and Bermuda companies
Rating

S&P AA- Stable

Excellent – 3%
A.M. Best A+ Stable Strong – 11%

Adequate – 80%
Fitch AA- Positive
Weak – 6%
Aa3 (Bermuda)
Moody’s Stable
A1 (U.S.)
Source: S&P ERM rating report
Ratings apply to ACE’s core operating insurance companies (May 2011)

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Underwriting Expertise

ACE is an underwriting company – underwriting is embedded in our ethos.

Our underwriters have deep expertise in a broad range of industries and specialty
coverage areas – risks where an underwriter makes a difference.

Discipline defines our underwriting approach – we embrace risk as long as we fully
understand it and can earn an acceptable return.

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Philanthropic and Environmental Commitment

Through its charitable foundation and employee
volunteer efforts, ACE makes a positive impact on
communities around the world in the areas of
education, poverty and health and the environment.

The company also has made a commitment to reduce
the environmental impact of its global operations.

Charitable/Volunteer Highlights Environmental Highlights

The ACE Foundations made grants and
ACE has reduced carbon emissions 18% per
matching gifts of more than $5 million in 2011 employee from 2006 to 2010
to support innovative initiatives around the

The company’s carbon emissions reporting to
globe, such as:
the Carbon Disclosure Project in 2011 resulted
 The International Rescue Committee’s in a disclosure score of 82, up from 75 in 2010,
programs for refugee youth in New York City and a performance score of B.
and malaria prevention and safe water

ACE’s Philadelphia and Bermuda offices have
projects on the Thailand-Myanmar borders
achieved LEED “green building” certification.
 The Conservation Fund’s Land Legacy and

Employees in nearly 200 offices around the
ShadeFund programs, which protect U.S.
world are reducing environmental impact
land and water resources and provide
through energy saving and recycling programs.
financing for green business entrepreneurs

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Exceptional Financial Strength (as of June 30, 2013)

ACE’s total capital position is over $33 billion.

Net loss reserves, which back our policyholder commitments, are nearly $26 billion.

ACE has one of the lowest debt-to-capital ratios among its major peers – 18.1%.

Balance Sheet Highlights Debt Leverage

Metric ($ in billions) 6/30/13 ($ in billions)

Total Investments $ 59.7

Total Assets 93.7

Net Loss Reserves 25.9

Total Debt (incl. hybrids) 6.0 Total Capital

Shareholders’ Equity 27.3

18.1% of
Total Capital 33.3 Total Debt Capital

Tangible Capital 27.9

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“ ACE has a unique combination of
people, products and places that
position us well to meet the needs of
clients no matter where they
are in the world.”

– Evan Greenberg, Chairman & CEO, ACE Limited

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Welcome to the world of
liability insurance....

Stockholm November 28th, 2013

ANSVAR
• Allmänt Ansvar - bananskal
• Produktansvar – hiss som rasar ner
• Miljöansvar – förstört grundvatten
• Product Tampering – livsmedel
ANSVAR

Skadeståndslag (1972:207)

• 2 kap. Skadeståndsansvar på grund av eget vållande

• 1 § Den som uppsåtligen eller av vårdslöshet vållar personskada
eller sakskada skall ersätta skadan. Lag (2001:732).

• Uppsåt täcks inte i normalfallet av ansvarsförsäkringen (TV)

ACE Sweden - Casualty

– Small number of declines

• Pharma
• Undergroud mining
• Aviation products
• Auto recall – some interest
– Preferred sectors
• Electrical machinery
• Industrial machinery
• Printing industries
• Medical Equipments (not
permanent implants)
• Plastic manufacturer
• Pulp & Paper
• US Exposure
• Hotel/Real Estate
KRITERIER

• Omsättning
• Typ av produkter
• Skadehistorik
• Frekvens eller enstaka händelse
• Självrisk alt SIR
• Försäkringsbelopp
• USA – exponering
• Villkor
ANSVAR

• Försäkringsbelopp: SEK 10 M för småföretag upp till 100-tals

miljoner USD
• Självrisk: 0,2 – ½ basbelopp Småföretag
och miljonbelopp för stora företag
PRODUKTANSVAR / ALLMÄNT ANSVAR

• Three major types of product liability claims:

• Manufacturing defect - poor-quality materials, bad workmanship

• Design defect - ,
inherently dangerous oskyddad sågklinga
• A failure to warn/instructions - inherent non obvious dangers which could be mitigated through adequate
warnings
ANSVAR