ACE launches energy insurance at Lloyd’s

  ACE launches energy insurance at Lloyd’s

        ACE Syndicate 2488 to write offshore and onshore energy risks

Business Wire

LONDON -- February 7, 2013

ACE Group today announced that it has begun underwriting energy risks through
Syndicate 2488 at Lloyd’s of London as part of its growing global portfolio.

ACE will write offshore risks on a global basis and will write onshore risks
on a global basis excluding North America. The new Lloyd’s offering will
complement ACE’s existing energy portfolio, which is written in the London
company market and worldwide. The initiative is part of ACE’s commitment to
extending its presence in this sector, particularly in the oil and gas
markets.

Matthew Shaw, President, ACE Global Markets and Active Underwriter for
Syndicate 2488, said:

“ACE is one of the few truly global players, and one of the largest capacity
providers, in the energy market. Adding the Lloyd’s platform enables us to
offer Lloyd’s brokers a comprehensive solution to clients with large, complex
and multinational risks. It also gives us access to new markets that can
benefit from our underwriting skills and specialist engineering teams.”

Mairead Dawson, Underwriting Manager, Global Energy, at ACE, said:

“A vast array of energy infrastructure projects have recently come to
fruition. The sheer scale of the energy risks created, particularly in
emerging markets in South America, Asia and West Africa, has brought a
requirement for new expertise and capacity. Our robust underwriting platform
and the strength of the global Lloyd’s franchise brings us the opportunity to
lead and innovate in these carefully selected markets.”

ACE’s global energy team writes business in North America, South America,
Europe, Asia, the Middle East and Africa.

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.

Visit www.acegroup.com/eu or www.acegroup.com/uk

Contact:

ACE
Juliet Tilley
Communications Manager EMEA
Tel: +44 (0)20 7173 7793
juliet.tilley@acegroup.com
 
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