) designs customized insurance solutions to meet the unique
demands of the transportation industry. Since 2001, ACE has
become a strong underwriter of specialized insurance products for
independent contractors across transportation industry.
Previously, the company has offered Occupational Accident
insurance coverage in 2001 and optional Contingent Liability
coverage in 2012.
Moreover, recently ACE announced the introduction of standalone
Passenger Accident Insurance, in a bid to further widen its
The newly announced insurance coverage will provide accidental
death and dismemberment and accident medical or dental expense
benefits. The benefits are meant for passengers who are
authorized and are injured during their travel with the drivers
working under the operating authority under the motor carrier.
This expanded coverage complements ACE's existing strong
transportation product portfolio.
Additionally, ACE expanded its offering to the offshore oil and
gas sector by launching new insurance solution for suppliers and
contractors. In Dec, 2013, ACE launched ACE Global Export
Protection in Continental Europe, including Central and Eastern
Europe, in an attempt to support the casualty needs of
These new product launches are expected to drive top line growth,
which continues to surpass the Zacks Consensus Estimate, besides
strengthening ACE's product suite.
These positives led this Zacks Rank #2 (Buy) stock witness a
rising trend in its estimates. The Zacks Consensus Estimate moved
north by 3.5% to $8.67 per share over the last 60 days, as most
of the estimates were revised upward. For 2015, the Zacks
Consensus Estimate is currently pegged at $9.11 per share.
Some other top-ranked stocks worth considering in the property
and casualty insurance industry include
Atlas Financial Holdings, Inc.
EMC Insurance Group Inc.
). All these stocks sport a Zacks Rank #1 (Strong Buy).
ACE LIMITED (ACE): Free Stock Analysis Report
ATLAS FINL HLDG (AFH): Free Stock Analysis
EMC INSURANCE (EMCI): Free Stock Analysis
ALLEGHANY CORP (Y): Free Stock Analysis
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