ACE USA Launches ACE Risk Management Commercial Close Out

Offering Clients the Ability to Transfer Deductible Loss
Obligations Back to the Insurer at a Pre-Determined Future Date
PHILADELPHIA--(Business Wire)--
ACE USA, the U.S.-based retail operating division of the ACE Group
of Companies, today announced the launch of ACE Risk Management
Commercial Close Out, a new product that, at the time of purchase,
allows insureds (clients with retentions up to $250,000 for Workers
Compensation and Automobile Liability), to budget the future premium
necessary in order to close out their loss sensitive program. As a
result, the benefit to the customer is the return of the associated
collateral. This product offering is specifically designed for those
customers who wish to participate in risk financing programs, but have
limited capacity to support the accumulation of collateral that is
typically associated with long tail risks, such as Workers
Compensation.

Ken Riegler, Executive Vice President & Operating Officer, ACE
Risk Management-Commercial Accounts, commented on the flexibility
offered by this new product, "ACE is a leader in providing customized
risk management solutions to risk managers and brokers and is focused
on fulfilling the unique business needs of the commercial segment.
This product particularly focuses on responding to the risk management
challenges of an insured with limited risk management resources to
dedicate to administration of risk financing programs. ACE Risk
Management Commercial Close Out is a solution that allows customers to
have more peace of mind in mitigating deductible loss exposures."

Key benefits of this coverage include:(1)

-- Easier transition to loss sensitive structures with embedded
program certainty.

-- Reduces administration requirements of risk financing programs
(billing, collateral and program adjustments).

-- Fully disclosed terms of close-out, including the
predetermined loss development factor and premium computation
formula, along with exact close out date.

-- Close out terms are contained within the program agreement
executed at binding.

For more information, contact David Zelickman at (617) 737-8940 or
David.Zelickman@ace-ina.com or contact your local ACE Risk Management
office.

(1)Product highlights are summaries only; please see actual policy
for terms and conditions.

ACE Risk Management offers comprehensive risk management programs
and services that are uniquely designed and customized to assist
companies in any industry deal with the significant costs of financing
and managing risk. To learn more about ACE Risk Management's products
and services, visit www.aceriskmanagement.com

ACE USA is the U.S.-based retail operating division of the ACE
Group of Companies, 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.aceusa.com.
The ACE Group of Companies provides insurance and reinsurance for a
diverse group of clients around the world.

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

Copyright Business Wire 2008