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 Texas. 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 almost 80 percent of all homes valued at $1 million or more in the U.S.

“Texas represents a very important state for us,” said Bob Courtemanche, CEO of ACE Private Risk Services. “As the second most populous state and one of the fastest growing, it has many thriving metropolitan areas with high concentrations of successful individuals. These individuals, like many people in today’s economy, have become more value conscious and risk adverse. With ACE’s financial strength and the superior coverage and flexibility of the ACE Platinum Portfolio, we’re providing Texans a new choice to help protect their family and assets while maximizing the value of their premium dollar.”

The ACE Platinum Portfolio provides specialized coverage for homes, vacation properties, automobiles, watercraft, jewelry and other valuables, and excess liability protection that in most cases, offers the savings of a package discount and the convenience of one bill.

Complemented by ACE’s 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.

Examples of key features tailored to the needs of affluent and high net worth clients:*

• the promise to pay the full cost of rebuilding a home in the event of a total covered loss, even if the amount exceeds the value of the home listed in the policy
• mold coverage of $10,000, with options up to 100 percent of the home’s insured value
• optional primary flood and surface water coverage
• optional “new for old” replacement cost coverage for automobiles
• the freedom to choose your favorite local repair shop for your automobile
• protection against market value fluctuations of your valuables
• excess liability (Umbrella) coverage from $1 million up to $100 million
• optional protection against the risk of being sued as a board member of a charitable organization
• exceptional claims and loss prevention services

ACE plans to complete a national rollout of ACE Platinum Portfolio in 2009, 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:www.aceprivateriskservices.com.

*Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all 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.