News Releases

LONDON--(BUSINESS WIRE)--Sept. 18, 2006--ACE Europe (NYSE:ACE) has announced the appointment of Iain McConnachie to the position of Direct Marketing Director for Europe within its Accident & Health division. 
 

Iain joins from Time Life Direct Entertainment where he was European Managing Director. Iain has extensive direct marketing experience across the retail financial services sector. He has held senior roles with American Express (Marketing Director - Personal Cards), Chase Manhattan Bank (Vice President - Retail Sales and Marketing) and Legal & General (Head of New Distribution). He has also carried out a number of interim and consulting roles in credit cards (HBOS, MBNA, Nat West), insurance (AXA, Direct Line), investments (JP Morgan) and most recently retail banking as Head of Direct Marketing for Barclays.

In his new role Iain will report to Ed Levin, Executive Vice President of ACE's European Accident & Health business and will have responsibility for further growing ACE's relationships with existing key partners, recruiting new partners and expanding ACE's direct to consumer business.

Ed Levin said: "I am delighted to welcome Iain to ACE. ACE is a European leader in direct marketing due to our extensive channel expertise - in particular our telemarketing strength, our range of innovative products tailored to meet partner requirements, and local expertise in key European markets including the UK, Spain, Italy, France, Germany, Scandinavia, Benelux and Central and Eastern Europe. With extensive experience across retail financial services, a thorough understanding of the opportunities and issues facing our financial services partners and deep direct marketing knowledge, Iain is well placed to further expand our business, to build on new opportunities and to manage ACE's direct marketing teams in each of our European markets."

ACE

The ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Europe. With an established presence in 16 countries across Europe and Freedom of Services permissions to operate in 27 European countries, ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE's specialty international business, underwriting through ACE's Lloyd's Syndicate 2488 and UK registered company ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found at www.aceeuropeangroup.com.

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.