ACE USA Launches Energy Casualty Practice to Enhance Global Energy Operations; Keith Mattheessen to Lead Casualty Unit.

PHILADELPHIA -- ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced the launch of its Energy Casualty Practice, led by Keith Mattheessen. The new group will enhance ACE's U.S. energy operations by working collaboratively with ACE's Global Energy division to provide the full spectrum of ACE USA's property and casualty capabilities to the energy industry. The unit will target Fortune 2000 companies engaged in production, exploration, processing and refining, and transportation and distribution in the energy industry.

The ACE USA Energy Casualty Practice will coordinate delivery of ACE's U.S and international products and services. Mr. Mattheessen will work closely with Kudret Oztap, Head of Global Energy Operations for North America, to provide customized risk management solutions to the energy segment. These existing product offerings include both traditional and non-traditional risk management solutions.

The new practice also will work collaboratively with leaders in the energy and brokerage communities to further enhance ACE USA's energy-related product and service offerings. Through this ongoing dialogue, the unit will seek to develop new products and services that effectively meet the specialized needs of the energy industry.

Mr. Mattheessen will lead the casualty practice, adding to his current position as Senior Vice President and Houston Branch Manager for ACE Risk Management. As the Energy Casualty Practice leader, he will be responsible for driving the marketing and distribution of ACE USA's energy capabilities, as well as developing new product ideas and identifying opportunities to expand existing relationships. Mr. Mattheessen has more than 20 years of energy insurance and underwriting management experience. Since joining ACE USA in 1999, Mr. Mattheessen has held several account management and senior underwriting roles for ACE Risk Management. Earlier experience includes various roles with American International Group (AIG) and Travelers Insurance Company, both located in Houston.

"ACE USA's industry-specific practices foster the global coordination of ACE's products, services and expertise to better serve our customers," said Susan Rivera, President and Chief Executive Officer, ACE USA. "The launch of the ACE USA Energy Casualty Practice further enhances our U.S. energy operations and reflects our commitment to providing our energy clients with tailored risk management solutions and seamless access to ACE's broad portfolio of products. Through this specialized unit, we will have the unique ability to synchronize and deliver customized products and services to our clients in the energy industry and better meet their evolving risk management needs."

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

Products:

--Workers Compensation

--General Liability

--Automobile Liability

--Excess Casualty (Umbrella)

--Global Energy (Property)

--Directors & Officers

--Excess Workers Compensation

--International Property & Casualty

--Marine

--Surety

--Captives

--Professional Liability

--Environmental Risk

--Financial Solutions

--Wrap-up/Owner Controlled Insurance Programs (OCIP)

Services:

--Risk Management Services

--Claims Management

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

ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. 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.