ACE embraces the UK Insurance Act with further enhancements to contract certainty

LONDON--(BUSINESS WIRE)--ACE European Group Limited today announced two further enhancements to its UK property and casualty policy wordings, as it embraces the UK Insurance Act 2015 ahead of it coming into force in August 2016. The changes represent the latest step in ACE’s ongoing commitment to listen to customers and focus on their needs when designing cover, managing risk or settling claims.

ACE’s commitment follows its early lead in removing the ‘basis of contract’ clauses from its UK policy wordings in 2013. From today, two clauses will be applied to new and renewing UK property and casualty policies issued by ACE European Group Limited to clients domiciled in the UK and incepting from 1st August 2015. They will be built into all insurance products going forward including property, construction, boiler and machinery, all casualty lines, commercial directors’ and officers’ liability, commercial professional indemnity, financial institutions, commercial crime, environmental impairment liability, accident and health and marine insurance.

Warranties clause

  • Breach of warranty will no longer permanently discharge insurer’s liability. If the breach of warranty is remedied prior to loss, cover will remain in place

Remedies for non-disclosure, misrepresentation

  • ACE will embrace the proportionate remedies outlined in the new Act in the event of an innocent non-disclosure

ACE also announced that it is designing an educational programme to provide expertise and support to broker partners interested in becoming compliant ahead of the Act which it will roll out later in the summer.

David Robinson, Regional President, UK & Ireland, ACE Group said:

“ACE led from the front in removing basis of contract clauses from our wordings based on feedback from Airmic members. The decision to be proactive helps us to meet client expectations by improving the clarity, protection and service we offer in the event of a loss, and promotes the tripartite relationship between client, broker and insurer.

“The amended coverage terms and conditions provide clients with better insight into their policies and they create a firm foundation from which to build in the future.”


About ACE Group

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 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.

ACE UK & Ireland’s five regions are:

∙ Ireland (Dublin and Belfast) ∙ Scotland (Glasgow, Aberdeen) ∙ The North (Leeds, Manchester, Newcastle) ∙ Midlands (Birmingham) ∙ London and South East (London, Maidstone, Reading, Watford)

Additional information can be found at:



ACE Group
Celine Lachevre
Marketing Manager (PR & Events)
020 7173 7489