News Release

ACE USA Launches Corporate Risk Umbrella and Excess Product; Coverage Tailored for U.S. Middle Market Companies
May 23, 2006
PHILADELPHIA--(BUSINESS WIRE)--May 22, 2006--ACE USA, the U.S. based retail operating division of the ACE Group of Companies, today announced the launch of its new Excess Casualty Corporate Risk product. The ACE USA Excess Casualty Corporate Risk product offers umbrella liability coverage to small and medium-sized U.S. companies spanning a broad range of industries including the following classes: manufacturing, habitational and commercial real estate owners and operators, financial institutions, printers and publishers, broadcasters, retail stores and wholesale distributors. 
 

The ACE USA Excess Casualty Corporate Risk product offers limits up to $25 million under a single lead umbrella or excess liability program. Attachment point options range from lead umbrella attachments over primary limits of $1 million to excess attachment points of up to $75 million.

"As a leader in providing risk management solutions to the large national account segment, we are pleased to combine our ability to tailor umbrella and excess programs with exceptional service, to provide a unique option to the evolving middle market segment," said Connie Germano, Senior Vice President, Excess Casualty, ACE Casualty Risk. "With our specialized teams of experienced underwriting professionals located in eighteen regional and branch offices throughout the U.S., and the support and expertise of the ACE Excess Casualty claims management team in New York, ACE USA can meet the changing needs of our clients and brokers."

The ACE USA Excess Casualty Corporate Risk product offers the following additional benefits to its insureds:*

-- Broad appetite for risk with customer-focused service standards

-- Ability to schedule a wide range of underlying coverages

-- Pollution liability coverage options

-- Per location application of the aggregate available

-- Worldwide coverage supported by a global network

ACE Casualty Risk specializes in lead umbrella and excess liability, custom primary casualty, public entity and environmental liability insurance products, which are primarily distributed through the retail brokerage community to the commercial market.

*Product highlights are summaries only; please see the actual policy for terms and conditions. To review additional product features and check submission requirements, please visit: www.ace-ina.com. For more information about the ACE USA Excess Casualty Corporate Risk product, please contact your regional ACE USA office or send a request to ACE.XS.CorpRisk@ace-ina.com. The National Manager for the product is Alexander Wells, (215) 640-4044 or alex.wells@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. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.

 

Contact:

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