ACE Offers New Coverage for Educators and Students Traveling Internationally

  ACE Offers New Coverage for Educators and Students Traveling Internationally

New Product to Address Unique Risk Management and Insurance Needs of Education
                                   Industry

Business Wire

PHILADELPHIA -- August 21, 2013

The ACE Group today announced that it has expanded its International
Advantage^® insurance product to offer enhanced coverages for the unique risks
faced by Higher Education clients whose employees, students and volunteers
travel internationally. According to The National Center for Education
Statistics, there are nearly 5,000 degree-granting institutions in the U.S.
which, together, have more than 300,000 students studying abroad each year.
That number increases dramatically when you include the more than 30,000
secondary schools with students traveling overseas.^i The new comprehensive
foreign package offering -- ACE Educators International Advantage^® Edge --
has been developed to address the coverage needs of the large number of
institutions sponsoring international study and travel programs.

“Administrators and academics have responded to the globalization of industry
and commerce by designing coursework to help students understand, navigate and
thrive in a global economy,” said Tim Benson, Senior Vice President, ACE
Multinational Client Group. “ACE is continuously looking for ways to assist
this key industry with its increased coverage needs, and our goal in adding
this new coverage is to help provide protection and mitigate international
travel risks for educators, students, and their chaperones studying abroad.”

“ACE’s newly-enhanced coverage for the education industry brings the Advantage
policy to a new level. This coverage allows us to offer an ideal insurance
product for risks that range from simple trip travel exposures to complex,
multinational exposures -- all of which may be faced by educators providing
coursework that will ultimately help their students become competitive in the
global marketplace,” said, Bryan Tedford, Senior Vice President, ACE Foreign
Casualty.

The ACE Educators International Advantage^® Edge product provides single-point
access to several key coverage enhancements not typically provided by other
foreign package markets including:

  *General Liability

       *Expanded Definition of Employee to include Board Members, Trustees
         and Student Teachers traveling abroad on behalf of the school or
         educational institution
       *Knowledge of Occurrence to include expanded time reporting
         requirement for losses incurred overseas

  *Business Personal Property

       *Includes the Property of the Insured as well as Property in their
         custody while traveling internationally

  *General Liability & Contingent Auto Liability

       *Blanket Additional insured endorsement added to automatically extend
         coverage to additional insureds (from sister school to school
         consortiums to third parties)

ACE’s international casualty product suite offers insurance solutions for
U.S.-based companies and organizations of all sizes that have operations or
employees who travel outside the U.S. Offerings range from simple package
policies to complex multinational programs with sophisticated risk transfer
options. For more information about these products, including ACE Accountants
& Lawyers International Advantage Edge, The ACE Business Consultants
International Advantage Edge, and The ACE Architects & Engineers International
Advantage Edge, please visit our website, or contact Tim Benson at
timothy.benson@acegroup.com or 302-476-6343.

ACE Educators International Advantage^® Edge is offered through ACE USA and
ACE Commercial Risk Services. ACE Commercial Risk Services is an operation
within the ACE Group that is dedicated to providing specialty insurance
products that offer solutions for small business insurance needs in North
America. ACE Commercial Risk Services offers its products through retail
agents and brokers, wholesale brokers and wholesale producers, program agents
and other alternative distribution models. Additional information can be found
at www.acecrs.com.

ACE USA is the retail-focused operations of the ACE Group. 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.

Insurance is provided by insurance companies within the ACE Group or its
allied distribution associates. 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.

^i U.S. Department of Education, National Center for Education Statistics
(2012), Digest of Education Statistics (2011) – http://nces.ed.gov/fastfacts

Contact:

The ACE Group
Carla L. Ferrara, 215-640-4744
Carla.Ferrara@acegroup.com
 
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