News Releases

LONDON--July 6, 2012--(BUSINESS WIRE)--ACE Group today announced that it has entered into a partnership with RAC in the UK, to offer travel insurance under the RAC brand.

RAC currently provides a wide range of motor-related services and products to its 7 million private and corporate members. The new travel insurance product will be sold through a dedicated online insurance channel as well as via its team of European Breakdown specialists.

The new travel insurance product range offers a choice of cover from a competitively priced Basic level through to a comprehensive Executive level. A bespoke Driving product has also been launched for customers driving to Europe on holiday with additional cover included as standard for satellite navigation systems, safety and awareness kits (visibility vest, triangle and portable breathalyzer kit), carjacking, emergency overseas vet bills and golf equipment.

Chris Price, Regional Director of Travel for ACE in EMEA said: “We are delighted to partner with RAC. At ACE we are keen to form long-term relationships with established, loyal and exciting brands. As organisations, we share many of the same values, including a clear focus on developing the right products to meet customer needs, providing choice to serve individual requirements, and delivering high quality service all of the time.”

RAC Commercial Director Kerry Michael added: “We chose ACE over the competition due to their expertise in the travel arena. We are looking forward to a successful partnership and being able to offer well-constructed and competitively pr iced products to our members with an easy purchase process, supported by ACE.”

About ACE

The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.

RAC History

Ever since its foundation in 1897, RAC has been consistently at the forefront in developing motoring services - from introducing uniformed patrols in 1901 and roadside emergency telephone boxes in 1912 right through to the present day when we boast the world's most advanced computer systems to deal with calls for roadside assistance.

RAC Members enjoy access to an enormous range of motoring products and services throughout their driving lives, ranging from the familiar and much appreciated roadside assistance in the event of a breakdown to continually updated legal and technical advice and up-to-the-minute travel information.

RAC Services

RAC is headquartered in Birmingham with approximately 4,000 dedicated staff operating from four bases throughout the UK and provides motor-related services to both consumers and corporate clients. RAC offers vehicle and breakdown services through a nationwide, branded patrol force, focusing primarily on vehicle repair and recovery. In 2010, RAC’s patrol force of approximately 1,800 patrols attended to 2.5 million rescue breakdowns. In addition, RAC provides motor insurance broking services. RAC also offers a suite of legal and motor claims services, which provide both consumers and corporate customers with legal cover and advice as well as a range of claims management services.