LONDON--(BUSINESS WIRE)--ACE Europe (NYSE:ACE) has today announced the launch of ACE Protect, a new property coverage aimed at companies which have installed sprinkler fire extinguishing systems in their premises.
ACE Protect offers training and risk management advice which is provided by ACE’s award winning team of Risk Engineers. In addition, direct access to emergency sprinkler leakage remediation services is available through BELFOR, leading experts in the reduction and control of damage following the leakage of water from sprinkler systems.
ACE Protect provides clients with a suite of covers, including automatic cover for damage caused by any accidental leakage of their sprinkler system. The policy will also pay for costs involved with the re-charging of systems if they have discharged or leaked accidentally.
Commenting on the launch Steve Walker, ACE’s UK Property Underwriting Manager said: “For too long the commercial property insurance market has failed to recognise the significant capital investment required to install a modern sprinkler protection system. At ACE we recognise the significant investment a company can make in their sprinkler system through the services offered in ACE Protect and the terms, conditions and capacity that we are prepared to offer for qualifying risks.
“The ultimate aim of ACE Protect is to reduce the likelihood of adverse incidents but in the event that an incident does occur, help our insureds to minimise damage and consequent business interruption and get back to running their business as soon as possible.”
Notes to Editors
ACE European Group has established branch offices in 19 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 European countries and affiliates in Egypt, Bahrain, Pakistan, Russia and South Africa.
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.
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), 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.com
BELFOR has been responding to fires, floods and explosions, large or small, residential or commercial for over 30 years utilising its network of response centres situated throughout the UK and Ireland.
BELFOR works with the major loss adjusters and in the case of residential work are appointed directly by insurers to ensure affected homes and businesses get back to normal as soon as possible. BELFOR assists its clients with professional disaster recovery and restoration services – around the clock, around the globe. With 160 offices in over 25 countries throughout the world and over 3.000 dedicated employees, no one responds more quickly or more effectively than BELFOR.
BELFOR manage projects of every size and complexity, even under the most difficult conditions and in every geographical region of the world.
The BELFOR Group headquarters are in Birmingham, Michigan, USA.