Ace Expands Loss Protection Cover to Offer Dedicated It Networks and Systems Solution

ACE Computerguard covers financial losses resulting from physicaldamage to, and breakdown of computers. Cover includes the cost ofreplacing damaged computer hardware, the reinstatement of lostprogrammes or data, and the increased working costs as a result of thecaused.

Combining Computerguard with ACE's Dataguard product - a policywhich helps to recover revenue and information that is corrupted ordestroyed through crime or as a result of accidental damage - backedup by a highly-experienced underwriting team, means ACE now providesmarket leading access to a broad range of bespoke cover for all ITrelated risks.

Shaun Cooper, Senior Underwriter for Computer Network underwritingat ACE said: "A recent survey of 250 senior risk managers from acrossthe world, conducted by the Economist Intelligence Unit and supportedby ACE, showed network risk was viewed as a significant and growingthreat to their organisations. This group also saw network risk andthe threats of data and systems crime as a significant threat tobusiness reputations.

"ACE has developed this range of IT products in response to agrowing need amongst risk managers for cover that actually meets theirrequirements. Traditional property and liability policies generally donot cover damage to intangible assets, leaving companies vulnerable inthe event of a major computer attack. Technology cannot guaranteenetwork security so in order to protect digital assets and reduceliability exposures, specialised insurance solutions are required.

"Both Computerguard and Dataguard are designed to ensure completepeace of mind for IT managers, whether for data loss - more and moreUK companies are finding themselves exposed to the costs of businessrecovery and these costs can average up to GBP 200,000 per incident -or for the cost of physical damage and breakdown to computers. Thecombined result of these products is to offer a complete businessprotection service against the full range of network loss."

Ends

Notes to editors:

ACE Computerguard Computer Insurance Policy - Levels of Cover:

Section 1 - Damage to Property

Damage to Property owned or on deferred purchase, lease, hired orrented to the Insured whilst at their premises or in transit anywherein the world.

Cover includes transit and for risks outside of the UK or Republicof Ireland but is limited to 10% of the Sum Insured or GBP 100,000,whichever is the lower, for any one incident of Damage or series ofincidents from a common cause.

Cover includes "full theft" i.e. we do not have a violent andforcible entry warranty on our policy.

Section 2 - Loss of Data

Subject to the Sum Insured on the schedule we will pay, followingthe Loss of Data whilst situated or in transit anywhere in the World,the costs necessarily and reasonably incurred by the Insured toreinstate such programmes and/or data.

Section 3 - Increase in Cost of Working

Subject to the Sum Insured if the computer operations of theBusiness are interrupted or interfered with due to the occurrenceduring the Period of Insurance of an Insured Event we will pay asIncrease in Cost of Working the additional expenditure necessarily andreasonably incurred by the Insured during the Indemnity Period inconsequence of such interruption or interference.

We include Loss of Interest subject to a limit of 10% of the Suminsured stated in the schedule.

Main Exclusions

Equipment in building of non-standard construction, unless specifically agreed.

Deductibles.

Unproven software.

Damage to Property or loss of data where recoverable under a maintenance, rental, hire or lease agreement or guarantee.

Proprietary software and data backups unless stored in line with manufacturers recommendations regarding storage of data.

Basis of Reinstatement

When the items are stolen or damaged beyond economic repair wewill reinstate with property of equal performance or capacity butwhere this is not possible by equipment of the nearest higherperformance or capacity.

If the item can be repaired we will return the item to a workingcondition substantially the same as but no better or more extensivethat its condition when new.

Additional Benefits

Accidental discharge of gas flooding systems - GBP 10,000 limit

Additional property - 20% of sum insured up to GBP 250,000

Automatic reinstatement of sum insured

Computer virus seek and destroy cover

Consulting engineers fees and costs - up to GBP 25,000

Debris removal - 10% of sum insured up to GBP 50,000

Incompatibility of computer records

Misuse or contamination of computer systems - up the loss of data limit subject to a maximum of GBP 100,000

Temporary repair costs / expediting costs - up to GBP 25,000.

Important Note

This information is intended purely as an indication of coverprovided and the causes excluded, full details of cover should beobtained from the ACE computer insurance policy wording.

The ACE European Group comprises the operations of ACE Europe, ACEGlobal Markets and ACE Tempest Re Group. With an established presencein 16 countries across Europe and Freedom of Services permissions tooperate in 27 European countries, ACE Europe provides a range oftailored Property and Casualty, Accident and Health and Personal Linessolutions for a diverse range of clients. ACE Global Markets (AGM) isACE's specialty international business, underwriting through ACE'sLloyd's Syndicate 2488 and UK registered company ACE European GroupLimited. Specialty lines include excess and surplus lines business,Marine, Aviation, Energy and Political Risk as well as Property,Financial Lines and Accident and Health. Additional information on ACEEuropean Group can be found at www.aceeuropeangroup.com.

The ACE Group of Companies is a global leader in insurance andreinsurance serving a diverse group of clients. Headed by ACE Limited(NYSE:ACE), a component of the Standard & Poor's 500 stock index, theACE Group conducts its business on a worldwide basis with operatingsubsidiaries in more than 50 countries. Additional information can befound at: www.acelimited.com