News Releases

LONDON--(BUSINESS WIRE)--ACE Group today announced the launch of ACE Commercial Partner, a comprehensive single property and liability package insurance policy for businesses operating in the UK and Ireland.

The cover responds to feedback from ACE’s national and regional broker panels requesting comprehensive, jargon and warranty-free cover in a single, user friendly and easy to navigate policy document. Key benefits of ACE Commercial Partner include:

• Clear and simple cover across six priority risk areas: property damage, business interruption, employers’ liability, public and products liability, ComputerGuard, terrorism
• A wide range of extensions with meaningful limits, including for emerging risks such as greening reinstatement (£25,000) and fly tipping (£25,000)
• Options to extend cover to include claims preparation costs (£50,000 for any one claim, £100,000 for any one period of insurance)

ACE Commercial Partner is designed to meet the needs of domestic businesses across a wide range of industries with turnover between £2m-500m (€3-500m) and no overseas operations.

Phil Sharpe, Chief Operating Officer for the UK & Ireland at ACE said:

“ACE has a strong track record in proactively responding to evolving customer needs. ACE Commercial Partner not only provides the breadth and depth of cover our clients expect, but it does so in a simple, easy to understand policy that demonstrates our ability to listen to our broker panel and to respond effectively through the elimination of the jargon and warranties which so often frustrate clients.”

ENDS

About ACE Group

ACE Group 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 and 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.

ACE UK & Ireland’s five regions are:

∙ Ireland (Dublin and Belfast) ∙ Scotland (Glasgow, Aberdeen) ∙ The North (Leeds, Manchester, Newcastle) ∙ Midlands (Birmingham) ∙ London and South East (London, Maidstone, Reading, Watford)

Additional information can be found at: www.acegroup.com/uk

ACE European Group Limited registered in England &Wales number 1112892 with registered office at 100 Leadenhall Street, London EC3A 3BP, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.