News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced that Cate Whiddon, Vice President, Railroad, ACE Westchester, ACE’s wholesale-focused business in the U.S., will participate in a panel discussion at the upcoming American Short Line and Regional Railroad Association (ASLRRA) Connections Annual Conference, to be held in San Diego, CA, from April 22 to April 25, 2014, participating in a session entitled “Rail Insurance – Current Trends and Historical Perspectives in Light of Recent Events.” Ms. Whiddon will focus her talk on evaluating the risk of transporting crude oil by rail. American Short Line and Regional Railroad Association is one of the largest railroad industry events for rail industry representatives, featuring more than 40 breakout sessions addressing railroading’s most relevant issues, such as railroad safety, crisis management, rail integrity, and derailment and fatality prevention.

Commenting on the opportunity, Ms. Whiddon said, “I’m pleased to be able to participate in this session and speak about ACE’s new railroad division, as well as the many benefits of transporting crude oil by rail, the risks to consider, and safety protocols. The benefits of rail transport are many, but also include the importance of maintaining product integrity, the ability to deliver desired volumes of the product, and the benefits of a strong, established infrastructure.”

ACE formed the Railroad Underwriting Unit in June of 2013 to deliver a full range of insurance and risk management liability coverage, specifically designed to meet the unique needs of the railroad transportation industry. The product offerings -- ACE Tracks^{SM --} provide coverage for damages resulting from covered perils to protect railroad operations and railroad contractor clients, with the following options:

• Railroad liability claims made and occurrence forms including Federal Employers’ Liability Act (FELA), foreign rolling stock and bill of lading coverage
• General liability with tailored coverages for railroad contractors
• Railroad protective liability (ISO) filed forms are available
• Excursion railroad liability occurrence coverage with tailored coverages for your clients’ unique exposures

ACE Westchester is part of ACE Group, which is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at:www.acegroup.com

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