ACE Strengthens European Cyber Practice with Added Third Party and International Expertise; Appoints Kyle Bryant to New

  ACE Strengthens European Cyber Practice with Added Third Party and
  International Expertise; Appoints Kyle Bryant to New Management Role

Business Wire

LONDON -- August 5, 2014

ACE Group today announced the appointment of Kyle Bryant as Regional Cyber
Manager, Continental Europe, as it further invests in its cyber risk practice
to meet evolving customer needs.

Kyle, previously Assistant Vice President at ACE USA, will have management
responsibility for ACE’s growing cyber risk business across Continental
Europe. He will focus on bringing together ACE’s extensive international first
and third-party expertise, underwriting capabilities, risk management and
incident response services to deliver bespoke, market-leading solutions to
brokers and clients.

The appointment follows the launch of ACE’s global cyber risk practice,
established to facilitate the sharing of global expertise and drive seamless
solutions for the benefit of buyers. Working with Toby Merrill as head of the
practice and his colleagues across ACE’s global network, Kyle will contribute
to the development of the practice and execute its strategy across Continental
Europe, paying close attention to proposition development, underwriting
strategy and market relationships locally.

Kyle will report to Grant Cairns, Regional Manager, Financial Lines for ACE in
Continental Europe and will work in close partnership with Gilbert Flepp,
Cyber Risks Manager (First Party) for ACE in Continental Europe. His
appointment is effective 1 August and he will initially be based in London.

Kyle has over eight years of insurance industry experience in underwriting,
product management, claims and legal roles focused on technology and
professional liability risks. He joined ACE six years ago and, most recently,
his responsibilities included Regional Manager for technology and professional
liability in ACE’s US Mid-Atlantic region, where he oversaw successful the
growth of a broad portfolio of professional liability, technology errors and
omissions (E&O), data privacy and cyber insurance risks. Previously, he was
executive underwriter for technology and professional liability in ACE’s New
York metropolitan region.

Grant Cairns, Regional Manager for Financial Lines for ACE in Continental
Europe, said:

“At ACE, we are committed to bringing together our global cyber risk
experience for the benefit of our local customers. European brokers and
clients tell us that the insurance industry still has some way to go in
meeting their expectations for clearer, more comprehensive cyber risk
solutions. With his extensive experience in the fast-maturing US cyber market
and deep expertise in third-party liability risks, I am confident that Kyle’s
appointment will help us to enhance our customer proposition in a way that
responds to these market challenges in Europe.”

Steven Reiss, Chief Operating Officer for ACE in Continental Europe, said:

“In ACE’s research last year, European companies ranked cyber as one of the
top three emerging risks most likely to have a financial impact on their
business – while those in Germany and France awarded it first and second place
respectively. Yet every company’s risk profile is different and there is no
‘one size fits all’ solution. This investment will allow us to build on our
strong market position, enabling us to unlock our first and third party
underwriting, risk engineering and incident response capabilities for
middle-market and global accounts alike, in a tailored way that meets their
needs.”

Note to editors:

ACE’s Emerging Risks Barometer was published in December 2013 and surveyed
executives responsible for risk management at 650 companies across Europe,
Middle East and Africa. You can download the report at
http://pages.e.acegroup.com/emergingrisk/

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 ACE Group, is listed on the New
York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

Contact:

ACE
Nicholas Mandalas
Regional Communications Manager, EMEA
T: +44 20 7173 7793
E: nicholas.mandalas@acegroup.com
 
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