News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Private Risk Services^SM, part of the ACE Group of Companies, today announced that it has expanded the availability of its ACE Platinum Portfolio^SM policy to Kentucky and Ohio. Launched in May 2008 and sold through independent agents and brokers, the new product is specifically designed to meet the complex insurance needs of affluent and high net worth individuals and families. The ACE Platinum Portfolio is now available in states representing more than 70 percent of all homes valued at $1 million or more in the U.S. ACE plans to complete the national roll-out in 2009.

“With the recent declines in the housing and financial markets, now more than ever, affluent and high net worth families are asking for superior insurance protection through a financially strong company as well as the maximum value for their premium dollar,” said Bob Courtemanche, CEO of ACE Private Risk Services. “We’ve designed our program to respond to these market challenges by offering specialized coverage for home, auto, watercraft, valuables, and excess liability protection – all in one policy that offers the savings of a package discount and the convenience of one bill.”

The ACE Platinum Portfolio offers 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 exceptional claims and risk consultation services. Complemented by ACE’s financial strength, global reach and capabilities in recreational marine, builder’s risk, and other specialty lines -- the ACE Platinum Portfolio gives agents and brokers 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.acelimted.com.