ACE Casualty Risk Launches ACE TankSafe for Web-based Underwriting of Underground Storage Tank Policies

PHILADELPHIA--Oct. 1, 20034, 2003--ACE Casualty Risk, a division of ACE USA, today announced the launch of ACE TankSafe(SM), a web-based underwriting facility that enables contracted brokers to conduct automated underwriting transactions from submission to issuance in a quick and easy manner. ACE TankSafe is offered through ACE Casualty Risk's environmental underwriting unit--ACE Environmental Risk--and targets underground storage insurance products, from the small tank policies to large industrial portfolios, for the small to mid-sized market.

"Our financial strength and underwriting capabilities enable ACE USA to respond to the increased demand for environmental liability products and to service the needs of this unique market," said Susan Rivera, President, ACE INA Holdings, Inc. "This facility is unlike any other currently available. ACE TankSafe complements and enhances the product and service offerings of the ACE Environmental Risk unit and ACE USA's overall business strategy."

"We believe ACE TankSafe will set the standard in environmental underwriting e-commerce," said Geoff Gregory, President, ACE Casualty Risk. "Providing a cost-effective and automated system for online quoting and certificate and policy generation for our brokers was the impetus for the creation of this product."

ACE Environmental Risk offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. These products are distributed through the brokerage community and through wholesalers to the commercial market. Non-admitted products are marketed through licensed surplus lines brokers. ACE's environmental liability offerings also include premises pollution liability, contractor's pollution liability, remediation cost containment and blended finite risk programs.

For more information, send all inquiries via email to tanksafe@ace-ina.com or visit www.acetanksafe.com.

ACE TankSafe(SM) is underwritten by ACE Property and Casualty Insurance Company, which is part of ACE USA. ACE USA is a U.S.-based operating division of the ACE Group of Companies, owned by ACE Limited . ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.