News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Private Risk Services^®, part of the ACE Group, today announced that it has expanded the availability of its ACE Platinum Portfolio^® policy to Washington State. In addition, Shannon Detroit has been appointed as Territory Manager for the state. Based in Seattle, Wash., Mr. Detroit will have overall responsibility for the appointment and management of independent agents in Washington, and will lead efforts to promote the benefits and advantages of the ACE Platinum Portfolio program.

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.

"Washington represents a very important state for us,” said Steve LoCascio, Regional Vice President for the Western region of ACE Private Risk Services. “It is one of the last states in our national rollout with high concentrations of well-to-do individuals and high value homes. Achieving success will require a combination of comprehensive products and services, and the right talent to lay the groundwork for our agency force in the state. With our ACE Platinum Portfolio program and Shannon’s proven leadership skills, I am confident that we have the right combination to succeed.”

Mr. Detroit brings to the Territory Manager role more than 11 years of experience in the insurance arena, spanning both marketing and sales roles in the high net worth personal lines marketplace. He is a long-time resident of the Pacific Northwest and holds property & casualty and life & health insurance licenses.

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. Additional information can be found at: www.aceprivateriskservices.com. Celebrating 25 years of insuring progress, 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.