ACE Canada Launches Pollution Coverage to Respond to Growing Needs of Commercial Property Owners and Managers;



    
     Single policy eliminates environmental liability coverage gaps with
                         multiple-coverage approach
    

    TORONTO, May 28 /CNW/ - ACE Canada, the Canadian-based operating division
of the ACE Group, today announced the launch of ACE Premises Pollution
Liability Portfolio (PPL Portfolio). This program is designed to offer
pollution coverage in a single policy for owners, operators and managers of a
flexible mix of Canadian-based small, mid-size and large account commercial
real estate portfolios, including hospitality and multi-tenant residential
properties. ACE PPL Portfolio combines traditional new and pre-existing
pollution coverage with coverages for pollution liability exposures from
non-owned disposal sites, contingent transportation, fungi, legionella and
off-site operations on a claims-made basis.
    ACE PPL Portfolio is available to clients and brokers through the ACE
Environmental Risk underwriting team.
    "ACE continues to respond to the changing marketplace and increased
demand for environmental liability products and services," said David Brosnan,
Chief Executive Officer, ACE Canada. "Environmental risks are always a big
concern in the commercial real estate industry, as an environmental event can
dramatically affect a property's value and interrupt business operations. This
program provides a streamlined approach to
    ACE Canada Launches Pollution Coverage to Respond to Growing Needs of
Commercial Property Owners and Managers; Single policy eliminates
environmental liability coverage gaps with multiple-coverage approach
evaluating an account's exposure to environmental liability by offering
pollution insurance and dedicated environmental claims handling in one
policy."

    
    Product Highlights:(*)
    ----------------------
    -   Underwriting of account's environmental management program and due
        diligence process
    -   Coverage for premises, operations, completed operations, business
        interruption/physical damage from pollution conditions, pollution
        clean-up, all under one policy
    -   Minimum self-insured retention of $25,000
    -   Limits available up to $25 million
    -   Unscheduled locations
    -   Fungi and legionella coverage offered on a presence basis
    -   Automatic acquisition and divestiture coverage
    

    ACE Environmental Risk offers a full range of environmental liability
insurance solutions designed to minimize bottom line impacts and facilitate a
policyholder's hands-on risk management for those liabilities. ACE
Environmental Risk's liability product offerings include premises pollution
liability, contractor's pollution liability, and remediation cost containment
programs. These programs are primarily distributed through the retail
brokerage community to the commercial market.
    To learn more about ACE Canada's environmental risk portfolio, please
contact Ricardo Philip at (416) 594-3001 or ricardo.philip@acegroup.com or
visit www.ace-ina-canada.com.

    
    (*)Product highlights are summaries only; please see actual policy for
    terms and conditions. Products remain subject to ACE Environmental Risk's
    underwriting criteria.
    

    ACE Canada(R) refers to ACE INA Insurance and ACE INA Life Insurance,
subsidiaries of the ACE Group of Companies, headed by ACE Limited (NYSE:   ACE),
and is rated A+ (Stable) by A.M. Best Company and A+ (Positive) by Standard &
Poor's. ACE Canada, through its underwriting companies, provides insurance
products and services throughout Canada. Additional information on ACE Canada
and its products and services can be found at www.ace-ina-canada.com. The ACE
Group of Companies provides insurance and reinsurance for a diverse group of
clients around the world.





For further information:

For further information: Media Contact: Lynn Woodburn, ACE Canada
Communications, (416) 594-3032, lynn.woodburn@acegroup.com

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ACE INA INSURANCE

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