ACE Canada introduces BrokerPass to help placement of local-admitted insurance policies

ACE Canada, the Canadian-based operating division of ACE Group, has introduced an easy-to-use option for Canadian brokers to coordinate placement of local-admitted insurance policies.

“This efficient and seamless application benefits ACE’s brokers and clients by reducing the operational hurdles often encountered when securing a local broker by leveraging the ACE Global Network,” ACE Canada notes in a press release. “BrokerPass is available in more than 140 countries to Canadian brokers whose clients have international property and casualty exposures that require local-admitted policies.”

BrokerPass features include the following:

• flexibility to identify the country (or countries) where no local broker will be involved on a policy-specific basis, in consultation with a regional ACE international casualty underwriter; and

• access to ACE Worldview, ACE’s client and broker web portal, which includes policy issuance tracking and copies of local policies.

“Using the power of our ACE Global Network and state-of-the-art Worldview web platform, BrokerPass provides Canadian brokers with a reliable way to service their multinational clients,” said David Brosnan, chief underwriting officer for ACE Canada. “Larger regional and national brokers also can benefit, since this streamlined process can help to reduce their network costs and the complexities of global program oversight.”

BrokerPass is available only in jurisdictions where a local broker is not required.