ACE Jerneh and ADT Announce Strategic Partnership

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ADT, a Tyco company partners ACE Jerneh to launch ADT Advantage, the first home and business security services offering with insurance protection to customers in Malaysia. ADT Advantage is the first of its kind to be launched collaboratively by a security solution provider and insurance carrier in the local security services market. ADT is the leading provider of security services in Malaysia with the largest market share in alarm monitoring for the residential market.

Kuala Lumpur, Malaysia, January 22, 2013 - (PressReleasePoint) - ACE Jerneh Insurance Berhad (ACE Jerneh) and ADT, a Tyco company, signed a strategic partnership agreement today to offer a value-added security solution with insurance protection for residential and commercial customers in Malaysia. The two companies are leading providers in their respective industries.
 
Under the agreement, ACE Jerneh will be the exclusive insurance provider for ADT Advantage, a new service offering where an insurance protection plan is incorporated to enhance the security services provided to both residential and commercial customers, largely within small and medium businesses. The insurance protection plan will provide a lump sum payment up to RM10,000 in the event of a loss occurred in a property, or the property becomes unfit for occupancy due to physical damage as a result of burglary.  ADT Advantage is the first of its kind to be launched collaboratively by a security solution provider and insurance carrier in the local security services market. The new service offering does not overlap with any other domestic insurance ADT customers may already have.
 
“Property crimes such as burglary, robbery and theft are inevitable and I applaud ADT’s move for making insurance a part of its security solution as a value-added benefit for its customers,” said Steve Crouch, Country President for ACE Jerneh.  He added, “ADT Advantage is designed specially to complement ADT’s existing home solutions and business solutions products and services offerings.  The product will provide an additional comfort level to ADT’s customers knowing that they are financially protected should a loss occurred in the event of a burglary or robbery.”
 
“As a security solution provider, we constantly look for innovative new ways to offer the best protection for our customers’ homes and business premises. We are excited to enter into this partnership with Ace Jerneh Insurance to launch ADT Advantage together,” said Salim Mohammad, Regional General Manager for Southeast Asia, Installation and Services, Tyco. “Tyco is committed to providing reliable and quality service to protect our customers. In addition to our 24/7 central monitoring services, we are confident that ADT Advantage will bring increased value to our customers.”   
 
ADT is the leading provider of security services in Malaysia with the largest market share in alarm monitoring for the residential market.
 
About Tyco
Tyco (NYSE: TYC) is the world’s largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in revenue, Tyco has more than 70,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit the new www.tyco.com
 

About ACE Jerneh Insurance Berhad
ACE Jerneh Insurance Berhad (ACE Jerneh) is the result of the ACE Group’s purchase of Jerneh Insurance Berhad [Jerneh], a respected general insurance company in Malaysia. The Jerneh acquisition in 2010 provided ACE with an enhanced geographic presence of 22 branches and an agency force of more than 1,000. Jerneh’s operations are highly complementary to ACE’s existing local business where ACE is a market leader in the segments of Property, Casualty, Financial Lines and Accident & Health insurance.
 
By providing a comprehensive range of general insurance solutions through a multi-channel distribution model, ACE Jerneh caters to a wide range of customers including corporates, the commercial middle market and individuals. With a strong underwriting culture as the foundation for ACE Jerneh, the company offers responsive service and market leadership built on financial strength.
 
Additional information can be found at: www.acejerneh.com.my
 
ACE Jerneh, ACE Group of Companies and ACE Limited are registered trademarks of ACE Limited.
 
About ACE Group of Companies
The ACE Group of Companies is one of the global leaders in insurance and reinsurance serving a diverse group of clients.  Headed by Swiss-incorporated 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 with a strong presence in Asia Pacific.  ACE’s core operating companies are rated AA- for financial strength by Standard & Poor’s and A+ by A.M. Best.  This rating is indicative of ACE’s strong capital base and financial stability; key attributes in the business of risk.
 
Additional information can be found at www.acegroup.com.