News Releases

NEW YORK--(BUSINESS WIRE)--ACE Overseas General announced today that it has appointed Edward Levin, currently Regional Executive Vice President, Accident & Health (A&H), ACE Europe, to the position of Executive Vice President, International A&H. In addition, Andy Hollenberg, currently Vice President, A&H, ACE Far East, has been named Senior Vice President, A&H, ACE Europe. A successor to Mr. Hollenberg in Japan will be named in the near future.

In his new role Mr. Levin will report to Ed Clancy, President and Chief Operating Officer, ACE Overseas General. Mr. Levin will remain in London and assist in Mr. Hollenberg’s transition to Europe.

Mr. Levin assumed his current role on joining ACE in 2004, overseeing ACE’s European A&H and Personal Lines operations, and serving as a director of ACE European Group, Ltd. In 2007 he also became Chief Executive Officer of ACE Europe Life Limited, ACE’s new U.K.-based life assurance company. Prior to joining ACE, Mr. Levin worked in a number of financial organizations in the United States, Latin America and Europe, including Citibank, Travelers Property & Casualty, Travelers Life & Annuity, and CitiInsurance. Mr. Levin holds an artium baccalaureatus in economics from Harvard College and a master’s degree in business administration from Columbia University.

In his new role, which includes A&H and Personal Lines, Mr. Hollenberg will report jointly to Mr. Levin and to Andrew Kendrick, Chairman and Chief Executive Officer, ACE European Group. He and his family will relocate to London, in preparation for his official start date of October 1.

“We are pleased to be able to rely on Ed and Andy to assume greater responsibilities,” said Mr. Clancy. “Our ability to look to our current management staff and to promote from within is an indication of the strength of our organization.”

Mr. Hollenberg assumed his current role as head of ACE’s A&H business in Japan in May 2003. He joined ACE in 2000 as head of the A&H business in Canada. Prior to joining ACE, Mr. Hollenberg spent 10 years at Avco (now part of Citigroup), where he was involved in national marketing and strategic planning, and finally direct marketing of A&H products for Avco’s captive insurance companies. Prior to that, Mr. Hollenberg served as a strategic planner for the Ontario Medical Association. He holds a master’s degree in political science from the University of Western Ontario, and a master’s degree in business administration from York University (Toronto), with a concentration in finance and marketing.

ACE Overseas General is the international property and casualty insurance operations of the ACE Group of Companies. 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.