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The ACE Group of CompaniesNor North America Communications215-640-4744
tel
 436 Walnut Street TL 06T 215-640-1133
 fax
 Philadelphia, PA 19106www.acelimited.com
FOR IMMEDIATE RELEASE
Media Contact: Carla L. Ferrara(215) 640-4744Carla.ferrara@acegroup.com
ACE Private Risk Services Introduces Background Screening of Financial Advisors, Contractorsand Domestic Staff, as Part of its Insurance Program for High Net Worth Clients
 
PHILADELPHIA– June 10, 2009– ACE Private Risk Services
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, part of the ACE Group, todayannounced that it will offer access to a service that can provide comprehensive background screening of financial advisors, contractors, and domestic staff as part of its ACE Platinum Portfolio
SM
insuranceprogram for affluent and high net worth clients. The inclusion of financial advisors and contractors(including both general and subcontractors performing work on the home) as well as domestic staff,represents an unusually broad scope of access for a personal insurance program. These innovations comeat a time of rising concern in both areas.
 
FOR INSTANCE:
In one case, an individual discovered that a loan for nearly $200,000 had been fraudulently openedin his name. It turned out that his long-time adviser had fallen into financial trouble and couldn’tresist the temptation to misuse his client’s personal information. Background screening may haveraised a red flag in such a case.“Recent significant and highly-publicized investment industry misappropriations have made our clientsmore concerned about the trustworthiness of their financial advisors,” said Bob Courtemanche, CEO of ACE Private Risk Services. “In addition, current market conditions have had a detrimental effect on theconstruction industry, and now more than ever, it is more important to know that a contractor isfinancially sound and reliable when they work on your home. The value-added services we’re providingthrough the ACE Platinum Portfolio program offer a solution to address these concerns.”-
 
more –
 
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 ACE Private Risk Services Introduces Background Screening of Financial Advisors, Contractorsand Domestic Staff, as Part of Insurance Program for High Net Worth Clients
To provide access to the screening services, ACE Private Risk Services has formed a strategic alliancewith the International Intelligence Division of The Guidry Group, a U.S.-based consultancy specializingin security risk auditing and management. Many members of The Guidry Group have held previous seniorinvestigative and security positions involving direct oversight of security issues for major businesses andfederal government agencies in the United States and on a global basis.“Affluent and high net worth families represent lucrative targets for fraud,” said Mike Guidry, Founder of The Guidry Group. “They must be particularly careful when making hiring decisions. In relatively stableeconomic years, industry surveys indicate that two-thirds of all job applicants reported they have stretchedthe truth at least once in an effort to land a job. You can only imagine what the percentage is now in thistime of economic stress. Our background screening should enable ACE Platinum Portfolio policyholdersto make better hiring decisions as they recruit individuals who will take care of their children, their home,and their financial well being.”
T
he screening process offered by The Guidry Group may include:
 
Comprehensive verification of background information, including name, address, age, date of birth, social security number
 
Employment and educational history
 
Employer and/or client references
 
Driving record, civil and criminal records
 
Business credit check and Credit Bureau check 
 
Proprietary Internet data searchThe comprehensive background screening process is provided on a complimentary or reduced-fee basis,depending upon the premium threshold and other factors. It complements other valued-added familysafety and security benefits available in the ACE Platinum Portfolio program, such as coverage formedical and mental health expenses, lost salary, rewards for information leading to an arrest, andtemporary relocation expenses in the event of carjacking, home invasion, stalking, child abduction,kidnapping and hijacking.The ACE Platinum Portfolio provides specialized coverage for homes, vacation properties, automobiles,watercraft, jewelry and other valuables, and excess liability protection that in most cases, offers the- more -Page 2/3

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