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LONDON--(BUSINESS WIRE)--ACE European Group (ACE) (NYSE:ACE) announced today the appointment ofAndreas Wania as Regional Manager for Central and Eastern Europe. Andreas’s role encompasses a region extending from Russia and the CIS in the North through Central and Eastern Europe (CEE) to ACE’s forthcoming Turkish operation in the South.

Andreas joined ACE in October 2004 to start-up CJSC ACE insurance company, ACE’s non-life Russian company. As Country Manager for ACE’s operation in Russia and in his new role, Andreas will report directly to David Furby, President Continental Europe.

Commenting on his appointment, David Furby said: “Andreas has done a tremendous job in Russia, building our business there from scratch and taking advantage of the many opportunities arising from the rapidly growing Russian economy. Throughout Russia and the wider CEE region, above average economic growth has created significant demand for both P&C and A&H insurance products and services. In his new role, Andreas will be able to use his Russian experience to the benefit of other ACE operations within the CEE region and in the near future, ACE Turkey.”

Notes to Editors

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), 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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