ACE Limited (NYSE:ACE) stated today that it has reviewed its potential exposures to WorldCom, including directors and officers liability, financial guaranty, and investments, and believes that such exposures would have no material impact on future operating results or book value.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:
Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties which may cause actual results to differ materially from those set forth in these statements. For example, the impact from WorldCom exposures may be affected by the amount of actual losses resulting from the applicable policies, funds available to WorldCom and competing claims on such funds. In addition, reserves available may be affected by other claims. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.