News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Private Risk Services^® (www.aceprivateriskservices.com), part of the ACE Group, today announced that it has expanded the availability of its ACE Platinum Portfolio^® policy to Colorado. In addition, Clare S. Schachter, CIC, has been appointed as Territory Manager for Colorado. Based in Denver, Colo., Ms. Schachter will have overall responsibility for the appointment and management of independent agents in Colorado, and will lead the efforts to promote the benefits and advantages of the ACE Platinum Portfolio policy.

The ACE Platinum Portfolio is specifically designed to meet the complex insurance needs of affluent and high net worth individuals and families. The policy provides specialized coverage for homes, vacation properties, automobiles, watercraft, jewelry and other valuable collections, and excess liability protection that offers the savings of a package discount and, in most cases, the convenience of one bill.

"Achieving success in a state as instrumental to our growth as Colorado requires a combination of comprehensive products and services, and the right talent to lay the groundwork for our agency force in the state,” said Steve LoCascio, Regional Vice President for the Western Region of ACE Private Risk Services. “Clare’s proven leadership and extensive background on both the agency and carrier sides of the business gives her a balanced perspective in enhancing the understanding and use of ACE PRS products and services.”

Ms. Schachter brings to this key role more than 30 years of experience in the insurance arena, including marketing, product development, underwriting, client sales and service positions – primarily within the Rocky Mountain marketplace. In addition to having been nominated for the Professional Independent Insurance Agents of Colorado (PIIAC) Insurance Person of the Year in 2006, she served as a Director on the board of the PIIAC from 2003 through 2009.

ACE Private Risk Services is the ACE Group’s high-net-worth personal lines business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for affluent individuals and families. Headed by ACE Limited (NYSE: ACE), the ACE Group’s core operating insurance companies are 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, please visit: www.acelimited.com.