ACE Releases Report Examining Risk Management Strategies for Renewable Energy Projects

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PHILADELPHIA--(Business Wire)--
ACE USA, the U.S.-based retail operations of the ACE Group, today announced the
availability of a new white paper exploring the insurance and risk management
issues facing the renewable energy industry during new project development. This
new report explains the importance of effective and proactive risk management
strategies, throughout a project lifecycle.

"Renewable Energy: the Right Risk Partner Makes the Difference," was authored by
Darren Small, Vice President and Underwriting Manager, ACE USA National Custom
Casualty Energy. "As renewable energy sources continue to play an increasingly
significant role in producing sustainable energy for the world`s use, our goal
is to provide risk management guidance and seamless insurance coverage
throughout a project`s lifecycle. This paper addresses the crucial steps in
appropriately identifying, managing, controlling and transferring risk, and
partnering with experts to manage emerging renewable energy risks right from the
planning stage, through construction and into the operational phase," said Mr.
Small.

The paper also provides information on the current growth of renewable and
alternative energy sources such as wind, solar, biofuels and biomass, waste to
energy and hydro projects. According to Mr. Small, "there is no shortage of
risks in renewable energy. As renewable sources continue to grow, recognizing,
defining and dealing with renewable energy risks will remain a priority. With
the right risk partner, renewable projects can achieve comprehensive risk
management and seamless risk transfer which will help facilitate successful
project rollouts and support long-term production continuity."

To access the report, please visit our website. The material presented in this
report is not intended to provide legal or other expert advice. It is presented
as information only. Readers should consult legal counsel or other experts, as
applicable, with any specific questions they may have.

ACE Renewable Energy, part of ACE USA,specializes in property and casualty
insurance products for small, mid-sized and large energy companies, and
understands the unique needs of traditional and renewable energy-related risks
and can respond with tailored solutions, from alternative risk cash flow
programs to comprehensive multi-line packages. For more information please visit
our website.

Insurance is provided by insurance companies within the ACE Group. All products
may not be available in all jurisdictions. The product information above is a
summary only. The insurance policy actually issued contains the terms and limits
of the contract.

ACE USA is the U.S.-based retail operating division of the ACE Group, headed by
ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M. Best Company and A+
(Strong) by Standard & Poor`s. ACE USA, through its underwriting companies,
provides insurance products and services throughout the U.S. Additional
information on ACE USA and its products and services can be found at
www.acegroup.com/us. The ACE Group is one of the world`s largest multiline
property and casualty insurers. With operations in 53 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.

ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com

Copyright Business Wire 2012