New service covers kidnap and ransom and provides medical assistance

ACE has launched a new business travel and medical services offering for EMEA businesses in a bid to help them manage their growing multinational risks.

The new proposition, ACE Business Class, provides travel insurance combined with medical and travel assistance services; and offers eligible companies cover for kidnap and ransom of up to €150,000 per event.

In addition, it covers a wide range of traditional business risks while meeting the bespoke needs of companies with different risk profiles. For example, longer-term overseas assignments, staff relocation and occupational accidents can be structured as a multinational programme  designed to ensure compliance with local regulations in multiple jurisdictions, features which are not typically available as standard for  businesses in the EMEA region.

Patrick Drinan, regional senior vice president, accident and health for EMEA at ACE, said: “Business travel spending now exceeds $1 trillion and, despite the after-effects of the financial crisis and recession in many countries, experts expect demand from European businesses to continue to increase.

“ACE Business Class gives companies of all sizes the confidence to travel globally knowing that their people, their most precious assets, are protected by substantial financial, medical and risk expertise, even as the risks evolve and grow.”