News Releases

LONDON--(BUSINESS WIRE)--ACE has announced the appointment of Andy Hollenberg as Senior Vice President, Accident & Health (A&H), ACE Europe. Mr Hollenberg will be based in London and moves from his previous role as Vice President, A&H for ACE Far East. In his new role, he will lead ACE’s A&H operations in Europe, the Middle East and Africa. As such, he will be responsible for the distribution of accident, supplemental health, term life, creditor and niche personal lines products to both group and individual customers.

Mr Hollenberg succeeds Edward Levin, who has moved to the position of Executive Vice President, ACE Overseas General, with responsibility for all of ACE’s International A&H business. Mr. Hollenberg will report jointly to Mr. Levin and to Andrew Kendrick, Chairman and Chief Executive Officer, ACE European Group. Mr. Levin, in turn, reports to Ed Clancy, President and Chief Operating Officer, ACE Overseas General, Mr Levin will continue to be based in London.

Commenting on his new role, Mr Hollenberg said: ““In 2006 and 2007 ACE Europe established a tremendous platform for growth, with expanded distribution and product capabilities. The integration of A&H, Life and Personal Lines products enables ACE to provide unique solutions and growth opportunities for its customers and business partners. Over the coming months we’ll be bringing a number of innovative value-added products and programmes to the market!”

Mr Levin commented: “I am delighted that Andy will join ACE Europe. Our A&H business has seen enormous growth over the last several years and will need experienced leadership as it continues to grow. Andy brings experience from ACE’s A&H business in both North America and Japan. His rich experience will enable us to further enhance our customer proposition and to capitalise on the many opportunities for growth in Europe.”

Note to Editors:

Andy Hollenberg

Mr. Hollenberg assumed his previous 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.

Edward Levin

Mr. Levin assumed his previous 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.

ACE

ACE European Group has established branch offices in 19 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 European countries and affiliates in Egypt, Bahrain, Pakistan, Russia and South Africa.

Part of the ACE Group of Companies, ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. 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 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