ACE Launches luxury items practice for Continental Europe

ACE organization announced the launch of a new luxurious goods practice throughout Continental Europe.

The release of the practice follows research by ACE in which nearly six in ten ecu luxury items companies taking component mentioned that globalization has expanded the interdependency of risks they face. Respondents consider that the posh goods enterprise faces greater reputational threat than those in different industries, ACE said in a statement.

ACE stated it already gives comprehensive threat management and coverage solutions for predominant luxurious goods groups lively within the watches, earrings, clothing, cosmetics, perfumes and style goods sectors. the brand new exercise brings collectively underneath a unmarried team, the organisation’s knowledge across the place and the sector with the goal of similarly strengthening broker and client relationships and riding seamless answers for customers.

The exercise comprises specialists in four markets who will act as contact factors for agents and their luxury goods industry clients:

    Olivier Roussel, France – based in Paris

    Stephan fine, Germany – based in Frankfurt

    Thomas Kemper, Switzerland – primarily based in Zurich

    Francesco Ilgrande, Italy – based totally in Milan

Olivier Roussel, director, main & worldwide money owed for ACE in France, and exercise head, stated:

“the luxurious goods sector is symbolic of the way a hit eu organizations can be globally – and a critical contributor to increase and activity introduction. but, as luxury items agencies develop and extend abroad, they face new exposures and a series of latest, rising risks. The release of our luxury items practice will similarly permit us to assist our luxurious goods customers to stand this rising complicated array of risks with state-of-the-art threat management answers.”