In late 2014, ACE Private Risk Services entered into an agreement to purchase the renewal book of Fireman's Fund. This is great news for our agency and you, our client. The two entities individually offered comprehensive programs within our Preferred Client book of business. The combination of these two carriers will offer a more robust selection of coverage and superior claims service. The new entity will operate under the ACE Private Risk Services brand.
When this transaction is finalized, ACE Private Risk Services will be one of the largest providers of insurance products in this market segment in the U.S. We believe that the scale, and the combination of talent, technology and resources, will greatly benefit Dowling & O’Neil’s Private Client base.
While change can create concern, our agency is extremely pleased with the opportunity that this new entity will bring to our clients. Here are just some of the benefits that ACE Private Risk Services’ policyholders can expect to experience going forward:
Our understanding is that this transaction will be completed during the 2nd quarter of 2015 and we expect a smooth and efficient transition for our clients currently insured by Fireman’s Fund. Should you have any additional questions or concerns, please don’t hesitate to contact us directly at 508-957-4248.