ACE USA Creates New Healthcare Practice to Respond to Unique Needs of Today's Healthcare Industry; Ross Bertossi to Lead Practice.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--April 30, 2004

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced the creation of the ACE USA Healthcare Practice. This specialized practice will bring together subject matter experts who understand the risks faced by the healthcare industry and can respond appropriately with specialized underwriting expertise.

The ACE USA Healthcare Practice will foster an intimate partnership with the healthcare industry segment and further enhance ACE USA's industry-specific product and service development. This new organizational initiative also will enable ACE USA to better distribute its U.S. and international product offerings to the healthcare industry and reflects ACE USA's broad range of capabilities for the overall healthcare segment, its worldwide product strategy and its coordinated distribution focus.

The ACE USA Healthcare Practice will work collaboratively with the brokerage community and healthcare professionals to develop effective risk management solutions for the clients' complete needs.

Products and services available through the ACE USA Healthcare Practice will include:

    Products:

            --  Product Liability
            --  General Liability
            --  Umbrella
            --  Property
            --  Workers Compensation
            --  Excess Liability
            --  Captives
            --  Directors & Officers
            --  Professional Liability
            --  Environmental
            --  Accident and Health

    Services:

            --  Risk Management Services
            --  Claims Management

These products and services will be distributed through the brokerage community.

"We believe that the healthcare field needs committed and creative insurance partners. Bringing together our risk experts to better serve the healthcare segment in a more focused and coordinated manner underscores the importance we place on this market segment," said Susan Rivera, President and Chief Executive Officer, ACE USA. "We have the ability to develop unique programs that respond to the specific needs which arise in the healthcare industry. With the creation of the ACE USA Healthcare Practice, we are able to provide comprehensive insurance programs, alternative risk transfer products, and access to qualified risk control specialists and healthcare-specific claims expertise, which will enable us to better serve our clients' complete insurance needs."

Leading this new practice is Ross Bertossi, who adds this role to his current position as Senior Vice President, Medical Risk for ACE Professional Risk. As the healthcare practice leader, he will be responsible for driving the marketing and distribution of ACE USA's capabilities, as well as developing new product ideas and identifying opportunities to expand existing relationships. Mr. Bertossi has nearly 18 years of healthcare insurance and underwriting management experience. Prior to joining ACE USA in April 2002, he served as Senior Vice President, CNA HealthPro. He reports to John Lupica, President, ACE Professional Risk.

"The combined talent and breadth of experience of the ACE USA Healthcare Practice team, as well as their broad knowledge in healthcare risk management and underwriting services, will be invaluable in providing creative insurance solutions for this market segment," said Mr. Lupica.

ACE USA is a U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE:ACE). ACE USA, through its underwriting companies, 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.