News Releases

HAMILTON, Bermuda--(BUSINESS WIRE)--July 6, 2005--ACE Tempest Re Group, the global reinsurance operations of the ACE Group of Companies, announced today that James Wixtead has been appointed Chief Executive Officer of ACE Tempest Re USA, ACE's Stamford, Connecticut-based reinsurance subsidiary. 
 

Mr. Wixtead will be responsible for ACE's traditional and non-traditional property and casualty reinsurance business in North America. Prior to his appointment, Mr. Wixtead served as Senior Vice President, ACE Global Reinsurance. He succeeds Jacques Bonneau, who was recently named head of the ACE Tempest Re Group.

"We are very pleased to appoint Jim to oversee our reinsurance business in North America," said Jacques Bonneau, President & Chief Executive Officer, ACE Tempest Re Group. "He is a technically skilled professional with proven decision-making ability who can create and sustain business opportunities for our U.S. reinsurance franchise."

Mr. Wixtead has served as Senior Vice President since he joined ACE in April 2000. Prior to joining ACE, he held a number of senior assignments with Gerling Global Corporation of America, Constitution Reinsurance Corporation, and General Reinsurance Corporation. Mr. Wixtead earned a bachelor of arts degree in economics at Bowdoin College.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the Standard & Poor's 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.acelimited.com