Ace explores fresh marine restructure

Global P&C insurer Ace is considering merging its major
offshore energy and marine whole account reinsurance treaties at 1
January, again running the risk of irking its reinsurers,
The Insurance Insider can reveal.
Offshore energy excess-of-loss (XoL) capacity to
cover lead line sizes is tough to come by in the offshore market,
and some marine reinsurers will be reluctant to see the exposures
find their way into the whole account marine treaty.
Underwriting sources have said that Munich Re,