ACE Platinum Portfolio covers high net worth individuals and families

Launched in May 2008 and sold through independent agents and brokers, the new product is designed to meet the complex insurance needs of affluent and high net worth individuals and families, said ACE Private Risk Services.

The ACE Platinum Portfolio is now available in states representing more than 70% of all homes valued at $1 million or more in the U.S. ACE plans to complete the national rollout in 2009.

Bob Courtemanche, CEO of ACE Private Risk Services, said: With the recent declines in the housing and financial markets, now more than ever, affluent and high net worth families are asking for superior insurance protection through a financially strong company as well as the maximum value for their premium dollar.

We’ve designed our programme to respond to these market challenges by offering specialised coverage for home, auto, watercraft, valuables, and excess liability protection — all in one policy that offers the savings of a package discount and the convenience of one bill.