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ACE Participates in 9th Annual Philadelphia Cares Day as Presenting Sponsor; 125 Employee Volunteers Join Thousands to Support Philadelphia Public Schools.


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PHILADELPHIA--(BUSINESS WIRE)--Oct. 3, 2002

The Philadelphia-based members of the ACE Insurance Group of Companies are pleased to participate in the 9th Annual Philadelphia Cares Day as a presenting sponsor.

On Saturday, October 5, more than 125 ACE employees from offices in Philadelphia, Cherry Hill Cherry Hill, township (1990 pop. 69,319), Camden co., W central N.J.; name was changed from Delaware township to Cherry Hill in 1961. Largely residential, Cherry Hill has been marked by great development and housing growth, especially since the 1970s.  and Wilmington, Delaware Wilmington is the largest city in the state of Delaware and is located at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River.  will join thousands of Philadelphians in an organized effort of city-wide community services activities.

Among the service projects ACE employees are set to participate in are: helping to revitalize the school garden; creating new playground games and zones; and creating safe crosswalks for students at the Bache-Martin Elementary School elementary school: see school.  located in the Fairmount section of the city. Thirty students, parents and school staff will work alongside ACE employee volunteers.

"ACE is a strong supporter of employee volunteerism and giving back to those communities where our employees live and work. This is the second year that ACE's employees participated in Philadelphia Cares Day and worked alongside fellow Philadelphians to celebrate our commitment to quality education," said Dominic Frederico, chairman and chief executive officer, ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school.  Holdings, Inc. "We're pleased to have the opportunity to provide hands-on support to help create more attractive and functional learning spaces for students in Philadelphia's public schools."

Philadelphia Cares is a non-profit organization that mobilizes people to address the critical social, educational, and environmental needs of the Greater Philadelphia region through volunteer action.

"We're delighted to work with Philadelphia Cares and the Philadelphia School District as a corporate partner in this vital effort," said Eden Kratchman, executive director, ACE INA Foundation. "We're glad to join in the efforts of thousands of volunteers and in just one day help improve classrooms so students have a fun place to learn."

The ACE Group of companies, whose ultimate parent is ACE Limited (NYSE NYSE

See: New York Stock Exchange
:ACE), provide insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  products and services through operating subsidiaries for a diverse group of clients around the world. Additional information can be found at www.ace-ina.com.

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Publication:Business Wire
Geographic Code:5BERM
Date:Oct 3, 2002
Words:348
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