ACE Expands European Surety Business to Benelux Region; Appoints Björn Eding as Surety Underwriting Manager

  ACE Expands European Surety Business to Benelux Region; Appoints Björn Eding
  as Surety Underwriting Manager

Business Wire

ROTTERDAM, Netherlands -- July 9, 2014

ACE Group today announced the launch of a suite of surety products in its
Benelux region and the appointment of Björn Eding as Surety Underwriting
Manager, as it continues to expand its surety capabilities in Continental
Europe.

Supported by its global network, ACE will offer a range of surety products for
clients based in the Netherlands, Belgium and Luxembourg, including:

  *Contract bid, performance and advance payment bonds
  *Customs bonds
  *Bonds to secure legal/regulatory obligations
  *Bonds to appeal adverse tax-related and civil judgments

Björn Eding will be responsible for the growth and development of ACE’s surety
capabilities in Benelux and support the continued development of ACE’s
European surety offering. Björn has over 17 years of experience in the surety,
real estate and banking industries and joins ACE from Nationale Borg, the
largest independent surety company in the Netherlands, where he was Principal
Relationship Manager and Head of International Clients. He holds a master’s
degree in law from the University of Groningen. He takes up this newly-created
role with immediate effect and will be based in Rotterdam.

Ron Verhulsdonck, Country President for ACE in Benelux, said:

“The addition of surety to our portfolio underlines our commitment to
providing a broad proposition for our most significant clients. Björn is one
of the most experienced surety professionals in the Netherlands and the wider
Benelux region. His great knowledge of the market will help us provide
superior cover to the increasing number of companies in Benelux that are
seeking alternative credit lines.”

Luc Reuter, Senior Vice President and Head of Surety for ACE in Europe, said:

“The expansion of our surety offering in Europe has been welcomed by both
brokers and reinsurance partners. The launch of our surety proposition in the
Benelux is the next natural step in our strategy since 2012, and addresses the
rising needs of successful companies exporting abroad. ACE’s AA rating, global
presence and great underwriting expertise give us a strong platform to grow
our offering.”

ENDS

About ACE:

ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 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 Group
Nicholas Mandalas
Regional Communications Manager, EMEA
T: +44 20 7173 7793
E: nicholas.mandalas@acegroup.com
 
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