National Council of Corvette Clubs Chooses ACE Select Markets as Exclusive Provider of Collector Car Insurance

PHILADELPHIA--Feb. 12, 2004--ACE Select Markets, a division of ACE USA, the U.S.-based retail operations of the ACE Group of Companies , today announced that it has been selected by the National Council of Corvette Clubs (NCCC) to be the exclusive provider of collector auto insurance to the more than 17,000 NCCC members located throughout the U.S. As part of this business relationship, members of the NCCC now have direct access to the ACE INA Collector Auto program for their collector auto insurance needs.

"We are pleased to join with the National Council of Corvette Clubs in offering ACE INA Collector Auto Insurance through the NCCC member benefit program," said Patricia Goudarzi, Executive Vice President, ACE Select Markets. "ACE INA Collector Auto Insurance was designed specifically for this growing sector of the personal auto insurance marketplace and represents one of the most flexible, well-tailored policies in the market. This partnership allows us to combine ACE INA's unique product and underwriting expertise with the high standard of commitment of the NCCC to deliver value and added benefits for its loyal membership base."

ACE Select Markets, a division of ACE USA, focuses on the underwriting and marketing of specialty insurance products targeted towards specific insurance buyers, affinity groups, small businesses and niche industries. Products and services are offered through a network of specialty agents as well as unique distribution channels and partners. Products and services include coverage for recreational vehicles, collector automobiles, motorcycles, recreational boats and yachts, disaster mortgage protection and credit card enhancement programs. In addition, ACE Select Markets distributes commercial products through NewMarkets Insurance Agency, a wholly-owned agency. Products and programs include professional liability coverage, environmental, workers' compensation, specialized weather products and captive management for affinity groups.

"We are pleased to provide our membership with the opportunity to review their collector auto insurance needs through our business relationship with ACE Select Markets--an organization that is dedicated to delivering value to its targeted insured," said NCCC President Roger Mitchell.

The National Council of Corvette Clubs, Inc. (NCCC) is a volunteer, non-profit organization founded in 1959 by a group of Corvette enthusiasts. Its purpose is to promote interest in Corvette ownership and operations, to publish information on the use and operation of the Corvette and to establish an organized effort to encourage others to participate in the enjoyment connected with the use of the Corvette.

ACE USA is a U.S.-based operating division of the ACE Group of Companies, headed 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.

Policies are underwritten by ACE American Insurance Company and affiliated carriers in the ACE Group of Companies that are rated A (Excellent) by A.M. Best company and A+ (Strong) by Standard & Poor's. (Company ratings as of May 20, 200403.)