News Releases

LONDON--(BUSINESS WIRE)--ACE Europe (ACE) (NYSE:ACE) has today launched ComputerGuard Plus, its comprehensive IT hardware and network security policy, on the Safeonline broking system.

Brokers using the Safeonline system can now quote and bind their ComputerGuard Plus policy in one quick easy step. Mid-term policy adjustment can also be made online making the whole process even simpler.

ComputerGuard Plus 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. It also includes elements of ACE’s market leading network risk policy - Dataguard, to cover losses resulting from hacking, website defacement, denial of service attacks and viruses.

Ian Harris, Senior Underwriter for ACE’s Technical Lines Department, said: “The loss of data and hardware failure is a significant risk faced by most businesses today and ComputerGuard Plus can act as a safety net to cushion the financial impact of such a loss. We are delighted to be working with Safeonline in launching this product to a wider broker audience.”

“ComputerGuard Plus is a welcome addition to the product selection we offer brokers through our system,” said Chris Cotterell, Partner at Safeonline. “Around the world we are seeing more and more companies, both large and small, being forced to focus on their network and data security. The combination of ComputerGuard and Dataguard (ComputerGuard Plus) from ACE is an ideal product for us to sell to these companies. The market is exactly right for a product of this nature, and Safeonline is pleased to be working with ACE to deliver it to our brokers via our tried and tested online system.”

ComputerGuard Plus & ACE

ComputerGuard Plus is part of a portfolio of ACE 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.

Part of the ACE Group of Companies, 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.

Safeonline

Safeonline is an independent Lloyd's insurance broker based in London. Founded in 1998 it became a Limited Liability Partnership in 2006 following a management buy-out.

Safeonline offers bespoke insurance and reinsurance solutions through its network of brokers and also provides access to its proprietary products and programs via an online system.

Safeonline has a committed brokerage team, dedicated to providing innovative and competitive insurance solutions to our clients worldwide with established relationships with underwriting markets in London, Bermuda, USA, and Europe. With expertise in handling a diverse range of business classes, Safeonline can access the major insurers for Financial and Professional risks and remain at the forefront of the Technology/Cyber Liability market.

Additional information can be found at www.safeonline.com