News Releases

PHILADELPHIA--(BUSINESS WIRE)--April 10, 2006--ACE USA and ACE Westchester Specialty Group, both part of the ACE Group of Companies, today introduced an enhanced Miscellaneous Professional Liability Policy (MPL) form. Underwritten by the ACE USA and ACE Westchester Specialty Group - Professional Risk units, the new MPL policy form will offer broader coverage to address the needs of service provider professionals in a variety of industries seeking protection against the increasing threat of financial loss due to litigation. 
 

The ACE Miscellaneous Professional Liability (MPL) policy will be offered on an admitted and non-admitted basis under a single policy form for eligible service provider companies depending on the insured's coverage needs and size. Admitted and non-admitted coverage is offered by ACE USA to the retail broker market, while ACE Westchester Specialty Group offers similar coverage to the wholesale broker market.

"With our specialized teams of seasoned underwriting professionals located in nine regional offices throughout the U.S. and the expertise of the professional liability claims management team in New York, ACE USA can respond to the unique requirements and evolving needs of our clients and brokers," said Clint Johnson, Senior Vice President, ACE USA Professional Risk.

"As a leading provider of risk management solutions and insurance products in the professional lines market, these enhancements offer added protection for qualified service providers committed to extending the finest service to their clients," said Nat Aiken, Vice President, ACE Westchester Specialty Group - Professional Risk.

Staffed by a team of innovative underwriters, ACE Professional Risk is the operating unit within ACE USA, which distributes management liability, professional liability and surety products through retail brokers throughout the U.S. and Canada. ACE Westchester Specialty Group - Professional Risk distributes management liability, professional liability and surety products through wholesale brokers throughout the U.S.

The above is only a summary; please see the actual policy for terms and conditions. To review additional product features and check submission requirements, please visit: www.aceprofessionalrisk.com. For more information about ACE USA Professional Risk - Miscellaneous Professional Liability (MPL), retail producers should contact Brian Flynn, Vice President, ACE Professional Risk, at 646-458-6869 or brian.flynn@ace-ina.com. Wholesale producers should contact Nat Aiken, Vice President, ACE Westchester Specialty Group at 212-453-3663 or Nathaniel.aiken@ace-ina.com.

ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE:ACE), 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.ace-ina.com. ACE Westchester Specialty Group is the U.S.-based wholesale focused excess and surplus property and casualty operations of the ACE Group of Companies. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world. All products may not be available in all states, and surplus lines products are only available through licensed surplus lines brokers.