ACE Risk Management Receives Innovation Award from Business Insurance Magazine

Thu Mar 7, 2013 3:08pm EST

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PHILADELPHIA--(Business Wire)--
ACE USA, the U.S.-based retail operation of the ACE Group, today announced that
ACE Risk Management, the company`s primary casualty division, has been
recognized by Business Insurance Magazine as a recipient in its 2013 Innovation
Awards Program. Now in its fourth year, the Business Insurance Innovation Awards
recognize leadership and innovation for professional risk managers that focus on
new technology, new products and services, and other advancements in the
insurance industry. 

ACE won this coveted honor for ACE AcceleratorSM, a web-based technology
solution that allows risk managers to quickly review, execute and submit all the
forms needed to complete the election process for Uninsured/Underinsured
Motorist coverage. Business Insurance showcased winners of this year`s awards
during a luncheon ceremony held on March 5, in New York City. 

Matt Merna, Division President, ACE Risk Management, commented on the award. "We
thank Business Insurance for this award and appreciate the industry recognition
for our product innovation. We are proud of our team for their creativity and
vision. By developing this unique, web-based platform, risk managers now have
access to a faster and more efficient way to complete this time-consuming
process." 

Clients recognize ACE Risk Management for its commitment to service and the
development of innovative technology solutions. Mr. Merna further remarked, "We
built ACE Accelerator in response to a specific need identified by our clients.
And, because all of the work was completed in house, we were able to incorporate
client and broker feedback at every critical juncture. As a result, they helped
to make ACE Accelerator what it is today." 

To learn more about the 2013 Business Insurance Innovator Awards, please visit
their website. ACE Risk Management, part of ACE USA, offers comprehensive risk
management programs and services that are uniquely designed and customized to
assist companies in any industry dealing with the significant costs of financing
and managing risks. To learn more about ACE Risk Management`s products and
services, 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, and is
rated A+ (Superior)by A.M. Best Company and AA- (Very Strong) by Standard &
Poor`s. ACE USA, through itsunderwriting 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 2013