Ace Group Launches Shield [Professional Services Close – Up]

Ace Group announced the launch of Ace Shield - a property insurance proposition designed to cover the gaps between traditional property, terrorism and political violence insurance policies.

According to a release, Ace Shield will be available for eligible clients with overseas exposures.

Piers Gregory, Terrorism Underwriting Manager for Ace said: "We have seen a dramatic increase in high profile acts of terrorism and more recently, the impact of widespread economic and political instability, including mass public demonstrations. This rise in political and economic uncertainty is challenging traditional cover which would have been provided by separate property and stand alone terrorism covers.

"Social unrest is becoming a global phenomenon and recent events have forced clients to reassess their approach to the threat of terrorism and politically-motivated civil unrest. Ace has been at the forefront in challenging the belief that traditional stand alone terrorism cover provides the necessary protection. Ace Shield is our response to this, making cover available for the first time to protect our clients from a full range of political violence related perils combined with conventional all risk cover."

Ace Group is a commercial property and casualty insurance organisation.

((Comments on this story may be sent to [email protected]))