News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that it has been selected to participate in the Massachusetts Brownfields Redevelopment Access to Capital (MassBRAC) program, which provides innovative strategies to encourage the cleanup and redevelopment of brownfields properties. ACE Environmental Risk, a division of ACE USA, will provide access to its insurance pollution liability protection products and services and access to its specialized teams of environmental and insurance professionals.

ACE USA offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. ACE’s environmental liability 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.

“We’re pleased to be selected to be a qualified provider of brownfields insurance for this groundbreaking program, which subsidizes a developer’s purchase of environmental insurance from approved carriers,” said William Hazelton, Senior Vice President, ACE Environmental Risk. “The opportunity to allow participants of the MassBRAC program to receive the full benefit of ACE’s innovative environmental liability solutions, as well as access to our centrally-managed national network of claims and insurance professionals, is one that we welcome.”

For more information about the full range of ACE USA’s environmental liability products and services, please contact Andrew Steneri, Assistant Vice President, ACE Environmental Risk, Northeast Region at (617) 737-8931 or Andrew.steneri@ace-ina.com. Please see actual policies for terms and conditions. To review additional features and check submission requirements, please visit: www.aceenvironmentalrisk.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.