ACE Casualty Risk Part of Environmental Risk Market, Forms New Unit

October 7, 2002

ACE Casualty Risk is entering the environmental risk market resulting in the creation of a new unit, ACE Environmental Risk. The new environmental and casualty underwriting unit will offer environmental liability products and services.

ACE Environmental Risk will offer a full rage of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. The new products will be distributed through the brokerage community, and through wholesalers to the commercial market.

Non-admitted products will be marketed through licensed surplus lines brokers. ACE’s environmental liability offering includes premises pollution liability, contractor’s pollution liability, remediation cost containment and blended finite risk programs.

Additionally, other new product lines are under development.

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