ACE Launches Life Science Insurance Cover in Continental Europe

Thu Apr 4, 2013 5:03am EDT

* Reuters is not responsible for the content in this press release.

ZURICH--(Business Wire)--
ACE Group today announced the launch of a new insurance proposition covering
global life science risks for companies in Continental Europe as part of its
strategy to further build its casualty offering for businesses in the region. 

ACE`s team of specialist casualty underwriters throughout the region will
provide product liability and professional liability policies for a variety of
businesses including:

* biotechnology companies 
* highly specialised pharmaceutical companies with revenues of €500 million or
less and five products or fewer 
* medical equipment manufacturers 
* sponsors of human clinical trials worldwide 
* ACE will also offer fronting capabilities for large, multinational
pharmaceutical risks

Flexible capacity of up to €100 million and occurrence and claims-made coverage
will be available, depending on the product. As well as purchasing standalone
insurance, companies can purchase protection as part of a wider casualty
insurance programme with ACE. Country-specific offerings, tailored for each of
ACE`s key markets in Continental Europe, will be rolled out in the coming

Rosemary Ness, Casualty Manager for Continental and Central and Eastern Europe
at ACE, said: 

"Life sciences provides another example of how ACE can bring its specialist
expertise and global experience to bear for the benefits of its clients in
Continental Europe. This launch further underlines our capability and commitment
to helping European businesses manage their specialty casualty needs." 

Connie Germano, Casualty Manager for Middle Market and Life Science for ACE in
Continental Europe, said: 

"The life science industry has unique challenges with complex insurance
requirements that can only be met properly through expert knowledge and
collaboration. Our team of risk engineers and underwriters, working together
across ACE`s global network, have the professional on-the-ground experience and
specialist insight needed to design effective cover for European clients." 


About ACE:

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 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. 


Juliet Tilley
Communications Manager EMEA
Tel: +44 (0)20 7173 7793

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