Steven Wevodau - Property & Casualty Insurance

LONDON–(BUSINESS WIRE)–ACE Europe (ACE) has today announced the launch of ACE Evolve, a co-ordinated insurance and risk management solution for mid-sized companies with overseas subsidiaries or assets. ACE Evolve will assist regional UK and Ireland companies trading internationally to manage their insurance coverage and compliance requirements across multiple jurisdictions.ACE Evolve is available through all 11 of the company’s offices in order to support brokers in the regions who have mid-sized clients with operations outside the UK and Ireland, a service insurers usually only offer to large, London based multinational clients. By streamlining the insurance purchasing process, ACE Evolve enables them to buy the right level of cover and meet all the necessary local regulations and obligations effectively and efficiently. ACE Evolve provides a gateway to ACE experts in over 50 countries with local facilities in place for policy issuance, proof of cover, claims handling and risk management services. In addition, ACE is licensed to conduct business in over 140 countries.

Phil Sharpe, Director of Casualty and Major Risks for ACE UK & Ireland, comments: “Despite the current economic downturn, we are in an era of increasing globalisation – our own research indicates that more than 800 companies in the UK, with a turnover of less than £100 million, have an overseas subsidiary. In addition, the current worldwide credit crisis is likely to herald a stringent and even more complex regulatory environment and we want to make sure our brokers and clients are equipped to deal with these challenges.

“The scale of the international regulatory environment creates complex insurance issues. For example, areas such as ‘non admitted cover’, where insurance provided under a policy in one territory covers exposures in another territory, can be a legal minefield for businesses without a Risk Manager or the specialist knowledge to comply with international insurance regulations.”

Alongside ACE’s global servicing capabilities, brokers can access comprehensive information on coverage requirements, regulatory and tax issues, claims handling and risk management matters. ACE Evolve enables cover to be available globally on an ‘admitted’ basis – which means that all polices issued meet the requirements of local legislation – or on a Freedom of Services (FOS) basis within the European Union where appropriate.

As an additional service for brokers without an international partner network, ACE can facilitate introductions though its database of preferred broking partners around the world.

Concludes Phil: “The sheer scale and extent of regulation and legislation on a worldwide basis poses a real challenge to growing businesses. We believe ACE Evolve will help brokers with medium sized multinational clients provide an efficient and responsive service to meet the challenging needs of this important group of clients”

ACE

Part of the ACE Group of Companies, ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE’s specialty international business, underwriting through ACE’s Lloyd’s Syndicate 2488 and ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found at www.aceeuropeangroup.com

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE - News), the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com

 

 

Katie Weeks
Communications Manager
+ 44 (0) 20 7173 7585
katie.weeks@acegroup.com

PHILADELPHIA–(BUSINESS WIRE)–ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the availability of ACE Express Premises Pollution Liability^SM, an online program offering specialized coverage to a wide array of industries, public entities, educational institutions and business services. This program, which is offered on an admitted basis in more than 40 states to date, is designed to protect any commercial or industrial facility with potential for pollution-related risks. This expanded product offering now extends the option to cover up to 50 locations and is available to all producers who access ACE’s online underwriting platform for the product.The ACE Express Premises Pollution Liability^SM program is available to producers through the ACE Environmental Risk underwriting team. The application requires minimal information and there are fast turnarounds on quotes.

“ACE takes every opportunity to provide easier access to its products and services and broaden its online capabilities. We’re pleased to bring our innovative solutions to the environmental insurance market,” said William P. Hazelton, Senior Vice President, ACE Environmental Risk. “There are three distinct advantages of this product: it is admitted in many states, the online application process is quick and easy to navigate and the policy now offers expanded limits.”

Product Highlights:*

 

• Coverage may be modified by endorsement to provide new conditions coverage for mold-related claims, liability arising from contingent transportation, liability arising from non-owned disposal sites, and additional insureds
• Minimum self-insured retention of $10,000
• Limits available up to $10 million
• Offers coverage for third-party bodily and property damage claims, or remediation costs arising from new pollution conditions on, at, or emanating from, the insured location
• Provides coverage for associated legal defense expenses required to respond to any claim covered under the policy

ACE Environmental Risk offers a full range of environmental liability insurance solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. ACE Environmental Risk’s liability product offerings include premises pollution liability, contractor’s pollution liability, and remediation cost containment programs. These programs are primarily distributed through the retail brokerage community to the commercial market.

To learn more about the ACE Express Premises Pollution Liability^SM Program, please contact Jon Peeples at (303) 256-1770 or jon.peeples@ace-ina.com please visit www.aceusa.com.

*Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all locations and remain subject to ACE Environmental Risk’s underwriting criteria.

ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE - News), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.aceusa.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.

Insurance products are provided by ACE American Insurance Company, Philadelphia, PA, or, in some states, other insurance companies in the ACE Group. Surplus lines policies are provided only through licensed surplus lines brokers. All products may not be available in all states. Access to ACE internet product portals is available to qualified producers under applicable provisions of the ACE producer contract.

 

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com

ZURICH, Switzerland–(BUSINESS WIRE)–ACE Limited (NYSE:ACE - News) will hold its year-end, fourth quarter earnings conference call on Wednesday, February 4, 2009, beginning at 8:30 a.m. Eastern Time.ACE expects to issue its year-end, fourth quarter earnings release and financial supplement after the market closes on Tuesday, February 3, 2009. A copy of these documents will be available promptly following such issuance in the Investor Information section of the company’s website located at www.acelimited.com.

The earnings conference call will be available via live and archived webcast at www.acelimited.com or by dialing 877-795-3647 (within the United States) or 719-325-4758 (international). Please refer to the ACE Limited website in the Investor Information section under Calendar of Events for details. A replay of the call will be available for approximately one month. To listen to the replay, please dial 888-203-1112 (in the United States) or 719-457-0820 (international); passcode for the live and archived conference call is 3327455.

The conference call, webcast and its content thereof, and any tape, broadcast, or publication by ACE Limited, are the sole, copyrighted property of ACE Limited and may not be copied, taped, rebroadcast, or published in whole or in part without the express written consent of ACE Limited.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.

 

ACE Limited
Investor Contact:
Helen M. Wilson, 441-299-9283
helen.wilson@ace.bm
or
Media Contact:
Stephen M. Wasdick, 212-827-4444
stephen.wasdick@ace-ina.com