Profile

ACE Tempest Reinsurance Ltd. (ACE Tempest Re Bermuda) is a global leader in the catastrophe reinsurance market, our success built on a combination of state-of-the-art analytical capabilities and a responsive, client-focused approach. Recent years have demonstrated that both the frequency and severity of catastrophes can have a devastating impact on insurer balance sheets. Our goal is to help our clients manage that risk by providing unsurpassed security and claims response.

Our underwriters utilize the most sophisticated techniques available for risk assessment and employ multiple event-based catastrophe simulation models to evaluate the loss potential of each risk assumed. For perils and regions where a robust vendor model is not available, we rely upon a proprietary exposure and experience model, developed over our fifteen year history.

We believe that our analysis is only as strong as the tools we use and the data we are provided. Our in-house research & development team works with our underwriters to evaluate the strengths and sensitivities of the models and to determine any adjustments that are warranted. In addition, we assess data quality issues and strive to gain a comprehensive understanding of a client’s exposures through extensive exposure profiling and mapping.

Our proprietary portfolio management system, Excalibur, helps us to streamline a complex and data intensive process allowing us to assess each risk as well as evaluate the amount of capital required to support it. We further stress test our portfolio by managing to worst case events. This highly technical approach combined with a measured willingness to lose ensures our interest in being a valued catastrophe reinsurance partner now and in the future.

We have successfully exported our analytical underwriting approach to non-catastrophe property & casualty business for the U.S., Europe and Asia Pacific through ACE Tempest Re USA and ACE Tempest Re Europe .

History
ACE Tempest Re represents the successful merger of two predecessor companies, Tempest Re and CAT Limited, both mono-line property catastrophe reinsurers established in response to the dislocation of the catastrophe reinsurance market following Hurricane Andrew in 1993. ACE Limited acquired Tempest Re on July 1, 1996 and CAT Limited, on April 1, 1998. These two companies were combined under the ACE Tempest Re name. The combined entity writes on ACE Tempest Reinsurance Ltd. paper.

Coverage
ACE Tempest Re Bermuda continually responds to our client needs by developing innovative, customized products.  ACE Tempest Re Bermuda offers catastrophe reinsurance products around the globe:

Property Catastrophe Reinsurance

Including occurrence excess of loss, aggregate excess of loss, proportional catastrophe peril

treaties, reinstatement premium protection covers, back-up covers, and options on

catastrophe excess of loss.

Casualty Reinsurance

Including workers’ compensation catastrophe, personal accident and life catastrophe

excess of loss.

Specialty Reinsurance

Including US crop aggregate excess, terrorism risk excess, industry loss warranty covers,

and cat bonds.

Financial Strength
ACE Tempest Re Bermuda takes pride in bringing superior underwriting expertise, capital and capacity to the worldwide reinsurance market. Our solid financial ratings, strong balance sheet and responsive claims paying have earned ACE Tempest Re Bermuda a reputation as a world leader in the property and casualty reinsurance market.

Financial Strength Ratings (as at 18 August 2009)

AM Best	S&P	Fitch	Moody's
A+	A+	AA-	Aa3

For more financial information on ACE's Global Reinsurance operations or ACE Limited, the ACE Group's Swiss-incorporated parent company visit the Investor Information page at www.acelimited.com where you will find the ACE Limited annual report, financial supplements and rating information. 

ACE Financial Review
Also at www.acelimited.com you will find the ACE Financial Review webcast - ACE Limited Chief Financial Officer Philip Bancroft provides an overview of the ACE Group's financial position, invested asset portfolio and operating performance.  Watch the ACE Financial Review - Second Quarter 2009 webcast.