News Releases

ACE USA Introduces a Policy to Address Environmental Concerns for Its Global Property Commercial Risk and National Accounts Programs
Mar 7, 2008

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that it has introduced an endorsement and stand-alone policy to assist customers who want to repair or rebuild damaged, covered real property to an environmentally-friendly standard for its Global Property Commercial Risk and National Accounts product offerings. Called ACE Green Building Restoration, the stand-alone green policy is part of ACE Groups growing portfolio of green products. ACE Green Building Restoration can be added to a customers existing traditional property program and applied to a wide range of industries, including, but not limited to: financial institutions, manufacturing, higher education, and retailers and wholesalers.

The ACE Green Building Restoration endorsement can provide coverage to help rebuild a facility after an insured loss in an environmentally-friendly way. Typically ACE will offer limits up to $25M for this innovative coverage. The stand-alone policy and endorsement are available through the ACE USA Global Property unit of the ACE Global Underwriting Group, a division of ACE USA.

Speaking about the enhanced product offerings, Kurt Husar, Senior Vice President, ACE USA Global Property, said, ACE is a leader in providing risk management solutions to meet the evolving needs of our diverse client base. Were pleased to blend our traditional property products and services with an insureds desire to rebuild their properties after an insured loss to a more environmentally-friendly standard. As an example, an office complex property manager who would like to address indoor air quality issues by replacing carpets damaged in an insured event with those consisting of natural fiber can now achieve this by recovering part of the higher expense through the ACE Green Building Restoration coverage. Other examples would include energy efficient glass, air-handling, heating and air conditioning, roofing materials, and building insulation.

Key Features of ACE USAs Global Property stand-alone green program, Green Building Restoration:*

  • Ability to deliver both global property corporate risk and national accounts environmentally-friendly policies countrywide through a single point of service
  • Backed by the solid, financial strength of the ACE Group
  • Superior service, from product inquiries to claims-handling
  • Access to loss control services offered through specialized engineers recognized for their knowledge and expertise

ACE Global Underwriting Group, part of ACE USA, specializes in global programs and specialty coverages and provides comprehensive risk management programs and services for a diverse market of mid- to large-size U.S.-based companies, not-for-profit and government entities. To learn more about ACE USA Global Property products and services, please visit www.ace-ina.com.

*Product highlights are summaries only; please see actual policy for terms and conditions. Products are subject to risk eligibility requirements and may not be available in all jurisdictions and locations.

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


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