LONDON--(BUSINESS WIRE)--ACE European Group (ACE)(NYSE:ACE) has today launched an expanded IT hardware and network security policy, available exclusively online under the name ComputerGuardPlus. The policy, which includes cover for the losses resulting from hacking, website defacement, denial of service attacks and viruses, is being offered via the SSP Sector and Acturis broker platforms.
ComputerGuardPlus combines ACE’s existing ComputerGuard policy, which provides all risk cover on IT equipment, with cover for financial losses as a result of crime or accidental damage to data and systems. Brokers will be able to obtain quotes and bind cover, and organise mid-term policy adjustments directly online.
Ian Harris, Senior Underwriter for ACE’s Technical Lines Department, said: “An ACE sponsored survey of businesses across Europe, conducted by the Economist Intelligence Unit in 2006, revealed that a quarter of respondents had suffered losses as a result of computer crime - including forged emails and websites and hacking. This level of financial exposure can have a significant impact on a company’s ability to trade and service customers and will ultimately hit their bottom line. ComputerGuardPlus can act as a safety net to cushion the financial impact of such a loss.”
ComputerGuardPlus is the latest addition to ACE’s range of products designed to protect businesses from the financial losses relating to IT hardware and system problems. The range also includes ComputerGuard and DataGuard. ComputerGuard was launched in August 2005 to provide cover for losses as a result of damage to IT hardware. DataGuard helps to recover revenue and information corrupted or destroyed through crime or accidental damage.
Notes to editors:
ACE European Group has established branch offices in 16 countries across Europe, Freedom of Services permission to provide insurance services to clients in 27 EEA countries and affiliates in Egypt, Bahrain, Pakistan and Russia.
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), a component of the Standard & Poor’s 500 stock index, 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.co