News Releases

LONDON--(BUSINESS WIRE)--ACE (NYSE:ACE) has announced the appointment of Carl Faulkner as its European e-Commerce Manager.

In his new role, Carl will work closely with ACE’s Underwriting and Business Development teams across the UK and Europe. He will be responsible for developing the distribution of ACE’s products both through its own online system, ACE Online and strategic alliances with key market players.

Carl has a strong e-commerce background in the financial services industry and before joining ACE in 2006 as e-Commerce Manger for Continental Europe he developed e-commerce offerings for a number of companies including Allianz Group and Egg.

Commenting on the appointment, Andrew Kendrick, ACE European Group Chairman and CEO said: “Carl will be instrumental in driving ACE’s use of e-commerce to offer even greater levels of service and efficiency to our broker partners.

“E-commerce will play a key role in ACE’s growth strategy in the UK and Europe. Launched in 2006, ACE Online has seen considerable success in the cost effective and timely delivery of our products to a wider broker market, not to mention the added benefit of achieving contract certainty at inception. ACE Online is also proving successful in providing small to medium sized clients with access to our specialty products - such as Directors & Officers and Excess Casualty.

“Carl’s appointment ensures that ACE will remain best positioned to harness the new opportunities that online technology brings to the insurance market.”

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 EEA countries and affiliates in Egypt, Bahrain, Pakistan and Russia.

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

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