PHILADELPHIA--(BUSINESS WIRE)--ACE Private Risk ServicesSM, part of the ACE Group of Companies, today announced that it has expanded the availability of its ACE Platinum PortfolioSM policy to serve its policyholders in states representing 60 percent of all homes valued at $1 million or more in the U.S. Launched in May 2008, the new product is specifically designed to meet the complex insurance needs of affluent and high net worth individuals and families. ACE plans to continue the national roll-out in 2008 and 2009.
“With the addition of each new state, the ACE Platinum Portfolio policy has allowed us to demonstrate our ability to coordinate smoothly across business operations to satisfy a broad spectrum of coverage needs,” said Bob Courtemanche, CEO of ACE Private Risk Services. “Customers have chosen the ACE Platinum Portfolio to provide coverage for their homes, autos, valuables, and excess liability, and also worked with ACE Recreational Marine, a leading provider of recreational marine insurance, to insure their watercraft.”
The ACE Platinum Portfolio offers superior benefits such as full replacement cost coverage for the home, the freedom to choose your favorite local repair shop for your car, protection against market value fluctuation for your valuables, and first-class claims service – all in an easy-to-manage package policy. Complemented by ACE’s global reach and capabilities in recreational marine, builder’s risk, and other specialty lines--the ACE Platinum Portfolio gives agents with high net worth customers a competitive edge in the marketplace.
ACE Private Risk Services was formed to meet the personal insurance needs of affluent and high net worth customers, and upon successful expansion domestically, will utilize ACE’s unique global network to serve customers with substantial assets around the world.
To obtain additional information regarding ACE Private Risk Services, please visit:http://www.aceprivateriskservices.com. Product highlights are summaries only; please see actual policy for terms and conditions. Products and services may not be available in all 50 states.
ACE Private Risk Services is the high-net-worth personal lines business of ACE, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for affluent individuals and families. The ACE Group of Companies is headed by ACE Limited (NYSE:ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. The ACE Group provides insurance and reinsurance for a diverse group of clients around the world. To learn more about the ACE Group of Companies, please visit: www.acelimited.com.