A US division of Bermuda insurance giant ACE Limited yesterday announced it was establishing specialised teams in each of its branch offices across the US in order to put a focus on mid-sized companies in the casualty risk financing marketplace.

ACE Risk Management (ARM) said these dedicated teams will assist companies in the large corporate risk segment - with revenues between $100 million and $700 million - in managing their risk by focusing on creating individualised risk management programs.

ARM president William Curcio said:"This dedicated unit is backed by the financial strength of the ACE group of companies and staffed by a team of sophisticated insurance professionals with the expertise and acumen in applying the proven financial benefits of risk management solutions to this broad market segment."

A Press statement said target industry groups were manufacturing, retail, wholesale, hotels, restaurants, healthcare and financial services.