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ACE Expands Environmental Offering in Germanic Region; Launches ACE Umwelt (Environment) Plus



  ACE Expands Environmental Offering in Germanic Region; Launches ACE Umwelt
  (Environment) Plus

Business Wire

FRANKFURT, Germany -- January 27, 2014

ACE Group announced today the launch of ACE Umwelt (Environment) Plus, as it
expands its product offering to help its clients fill the gaps in their
insurance environmental risk cover.

ACE Umwelt Plus offers comprehensive protection against environmental risk as
it combines coverage for traditional German market offerings such as
environmental impairment liability, environmental contamination with
environmental damage under the EU environmental liability directive and a
global standard premises pollution liability coverage in a single policy.

The new product can be purchased both on a standalone basis or combined with
other ACE liability insurance products, while its menu structure means that
different coverage areas, combining first party and third party insurance, can
be included as needed. Additionally, ACE Environmental Plus includes features
such as:

• A simplified, flat-rate risk declaration

• Extended cover for damage to land by the policyholder

• First and third party business interruption insurance as a result of
contamination

• Coverage for multinational subsidiaries of German companies, with the
potential for locally admitted underlying policies in over 50 countries

Importantly, the new product does not include a special “trigger” in the form
of an accident or a break down in production line that is needed to activate
the policy; it provides cover for normal operation conditions too.

Udo Wegerhoff, ACE Group’s Germanic Region Environmental Insurance Manager
said: "With ACE Umwelt Plus we want to help our clients close the gaps in
their environmental insurance cover and provide both them and our brokers with
a complete, market-leading solution that allows for effective environmental
risk management.”

ENDS

Contact:

ACE European Group
Nicholas Mandalas
Regional Communications Manager, EMEA
T: +44 20 7173 7793
M: +44 (0) 77 7511 7274
E: nicholas.mandalas@acegroup.com
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