ACE Strengthens Casualty Leadership Team in Continental Europe

  ACE Strengthens Casualty Leadership Team in Continental Europe

Business Wire

PARIS -- August 9, 2013

ACE Group today announced two management promotions as it continues to invest
in its casualty insurance business across its Continental Europe region.

Jerome Salmon has been promoted to the position of Regional Casualty Manager,
Continental Europe. In this role, he will have profit centre responsibility
for ACE’s casualty portfolio across the region. He will also be responsible
for driving strategy for the portfolio, ensuring its profitable growth and
continuing its expansion into new niche markets. Previously, Jerome had
regional responsibility for ACE’s multinational and major risk casualty
accounts in Continental Europe.

Jerome will continue to be based in Paris. He will report to Jeff Moghrabi,
Chief Operating Officer, Continental Europe at ACE and to Mark Homan,
Executive Vice President, Casualty for ACE Overseas General. Jerome replaces
Rosemary Ness, who has chosen to take a career break.

At the same time, Connie Germano, Casualty Manager, Middle Market and Life
Sciences, Continental Europe at ACE, has been promoted to the role of Regional
Technical Manager Casualty and Underwriting Manager Casualty Specialties,
Continental Europe.

Connie will retain her existing technical underwriting responsibilities, and
continue to oversee and grow ACE’s life sciences portfolio in the region. She
will also assume additional responsibility for managing underwriting and
product development for casualty in the specialty areas of product
recall,foodtamper,construction,chemicals and energy risks. Connie will
continue to be based in Zurich and will report to Jerome.

Jeff Moghrabi, Chief Operating Officer, Continental Europe at ACE, said:

“Casualty is a sector of great strategic importance for ACE in Continental
Europe, where we have we have built up significant breadth and depth of
expertise. These promotions reflect our continued investment and will help us
continue to deploy our international and local knowledge to support the
evolving needs of our customers.

“Jerome’s outstanding underwriting credentials, extensive market experience
and progress in developing ACE’s European multinational and major account
portfolio mean he is ideally placed to lead our regional casualty team and
shape our future strategy. Meanwhile, Connie has been instrumental in driving
our successful entry into new areas in Europe such as life sciences and
product recall and her expanded role will help us to step up our focus on
product development.

“Finally, I would like to thank Rosie Ness for her significant contribution to
ACE over more than 20 years and wish her well for the future.”

Jerome Salmon has over 20 years of experience in underwriting and management
positions, gained mainly in France across a number of insurance companies. He
joined ACE in August 2012 from AIG France, where he was most recently head of
the company’s liability division with responsibility for casualty,
environmental liability, product contamination and fleet motor risks across
all customer segments.

Connie Germano began her career as an underwriter and has over 25 years of
insurance industry experience, including ten at ACE, gained mainly in the US.
Before joining the Continental Europe team in Zurich in August 2012, Connie
served as a US national account segment leader for ACE with responsibility for
managing a book of lead umbrella and excess liability insurance business, that
included companies with global exposures.

ENDS

About ACE:

The ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 53 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.

Visit www.acegroup.com/eu

Contact:

ACE
Darragh Gray
Director of Communications and Marketing, EMEA
Tel: +44 (0)20 7173 7578
darragh.gray@acegroup.com
or
Luther Pendragon
Ruth Starling
Tel: +44 (0)20 7618 9100
ruthstarling@luther.co.uk