News Release

ACE Recreational Marine Insurance Announces Classic Boat Program Available through Heritage Marine Insurance
Jun 25, 2009

PHILADELPHIA--(BUSINESS WIRE)--ACE Recreational Marine Insurance today announced a strategic alliance with Heritage Marine Insurance, of Mystic, Conn., to provide marine insurance coverage for classic boats throughout the United States. ACE Recreational Marine Insurance is now the exclusive provider of Classic CoverageSM, Heritage Marine’s long-standing and successful program for classic and vintage boats.

Classic boats require extensive insurance expertise due to their unique construction, materials, usage and difficulty to replace. The Heritage Marine Classic Coverage ProgramSM provides a complete insurance package designed solely to fulfill the specific needs of all types of classic boats and their owners. Along with comprehensive coverages, those insured in the Classic Coverage Program receive custom advantages including: competitive rates, easy payment schedules and dedicated service by a knowledgeable and experienced staff, many of whom are classic boat owners themselves.

Damon Hostetter, Senior Vice President of ACE Recreational Marine Insurance, commented on the undertaking: “We’re pleased to join forces with Heritage Marine’s highly specialized and experienced agency to offer classic boat owners a high level of insurance protection and customized service, all backed by the impressive stability and financial strength of the ACE Group.”

The Classic Coverage Program is available for all qualifying wooden boats, as well as certain classic boats of aluminum, steel and fiberglass construction. The Heritage Marine Classic Coverage Program was designed by experienced boat owners and marine insurance professionals, and this expertise is reflected in the comprehensive coverage and niche benefits that together provide a full scope of classic boat insurance protection.

“Our dedicated and knowledgeable marine specialists are recognized as experts in the classic boat market, and it is exciting to be working with ACE Recreational Marine Insurance, the leading marine insurance provider, in offering our Classic Coverage Program,” said Jim Cassidy, an owner of Heritage Marine Insurance.

Located in Mystic, Conn., Heritage Marine Insurance was founded by classic boat owners for classic boat owners and has been specializing in classic boat insurance for nearly 20 years. Since its inception, the founders have adhered to a strict code of principles specifically intended to serve the interests and meet the needs of classic boat owners. These include offering the highest level of expertise in regard to construction methods and technologies as well as valuation and use of classic boats. Heritage Marine Insurance offers comprehensive and relevant insurance coverages at competitive pricing, provides services that are second to none, and serves as a valuable source of information and advice to owners and potential owners of classic boats through engagement with members of the classic boat community. Please visit www.heritagemarineinsurance.com to learn more about this specialist marine insurance agency or to obtain a no-obligation Classic Coverage Program quote.

ACE Recreational Marine Insurance, part of ACE Private Risk Services, has been serving marine clients for more than 200 years, since 1792 when its predecessor company wrote the very first marine insurance policy issued in the United States. ACE offers exceptional all-risk insurance coverage to protect the entire spectrum of pleasure yachts and boats, including classic boats, luxury mega-yachts and sailboats, sport fishing boats, ski boats, personal watercraft, high performance vessels and select charter vessels. To learn more about ACE Recreational Marine Insurance and obtain valuable information on a wide range of safety and loss prevention topics, please visit www.acemarineinsurance.com.

ACE Private Risk Services is the high-net-worth personal lines business of ACE Group, and provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for affluent individuals and families. The ACE Group 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.

Contact:

ACE Group
Media Contact:
Carla L. Ferrara
215-640-4744
carla.ferrara@acegroup.com