ACE Recreational Marine Insurance and gplink Announce New Coverage for Select Yachts Equipped with gplink Monitoring System and Service

Yacht Owners to Benefit from Enhanced Protection Measures and Savings

PHILADELPHIA--(BUSINESS WIRE)--ACE Recreational Marine Insurance, one of the nation’s largest recreational marine insurance providers, and part of the ACE Group, and gplink, a leading provider of satellite-based tracking, monitoring and notification systems for select yachts, today announced broadened coverage and savings to qualifying customers through the new ACE gplink Insurance Program.

“At ACE, it is our highest priority to serve our customers in their time of need. We strongly encourage and support measures that proactively prevent accidents and losses and help keep boaters and their vessels safe.”

The ACE gplink Insurance Program is an exclusive offer to owners of yachts that are powered by Caterpillar engines and equipped with an active gplink monitoring system and service. This new program offers premium savings as well as coverage enhancements, including an expanded towing benefit that reimburses owners for the costs of transporting an insured vessel to an approved Caterpillar repair facility in the event of a covered breakdown. This offers peace of mind to yacht owners who can have confidence their vessel will be serviced by a Caterpillar-trained specialist.

“We are excited to offer this program enhancement to gplink customers. This endorsement provides an added measure of protection and savings for these particular yacht owners who take extra steps to protect their vessels, and leverage all of the latest technologies to enhance their safety and the overall quality of their boating experiences,” said Damon Hostetter, Senior Vice President, ACE Recreational Marine Insurance. “At ACE, it is our highest priority to serve our customers in their time of need. We strongly encourage and support measures that proactively prevent accidents and losses and help keep boaters and their vessels safe.”

“We’re pleased to join forces with ACE in offering this unique solution, enabling qualifying customers to take progressive and forward-thinking steps to protect their vessels,” said Dan Webb, Marine Business Manager, gplink. "The gplink satellite-based tracking, monitoring and notification system complements and enhances the product and service offerings of ACE Recreational Marine Insurance, and underscores our commitment to providing solutions that meet the needs of our customer base.”

The ACE gplink Insurance Program is available by contacting an ACE Recreational Marine specialist agent, who can provide details on all of the comprehensive insurance coverages and annual savings on insurance costs. To find a local ACE Recreational Marine Insurance agent, please visit our website, choose the ‘Pleasure Boats and Yachts’ option, and then click on ‘Find an Agent’ in the right menu. An ACE agent or broker will provide a quote for insurance that can include significant savings for eligible and qualifying gplink customers.

gplink is a satellite-based tracking, monitoring and notification system for Caterpillar powered yachts and vessels. gplink utilizes dual band technology with GSM communications, as well as the Iridium satellite system in order to provide worldwide coverage and ensure that connections are not only reliable, but affordable too. System technical features such as Geo-Fencing, On-Demand Diagnostics and Asset Reporting provide gplink owners with a bevy of benefits including: insurance discounts, digital accessibility, emergency notifications and most importantly, peace of mind. For more information please visit: www.gplink.com.

ACE Recreational Marine Insurance, part of ACE Private Risk Services, has been serving marine clients for more than 200 years, since 1792, when its predecessor company wrote the very first marine insurance policy issued in the United States. ACE offers exceptional all-risk insurance coverage to protect the entire spectrum of pleasure yachts and boats, including classic boats, luxury mega-yachts and sailboats, sport fishing boats, ski boats, personal watercraft, high performance vessels and select charter vessels. To learn more about ACE Recreational Marine Insurance and obtain valuable information on a wide range of safety and loss prevention topics, please visit our website and follow the path for Pleasure Yachts and Boats.

ACE Private Risk Services is the ACE Group’s high-net-worth personal lines business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for individuals and families with emerging and established wealth. Additional information can be found at www.aceprs.com. The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.