News Releases

MANAMA, Bahrain--(BUSINESS WIRE)--ACE American Insurance Company (NYSE:ACE), one of the principle operating companies in the ACE Group, is to establish a Representative Office in the Emirate of Dubai.

The Representative Office, which will be operated under a National Agency agreement with Omeir Investments, will allow ACE to conduct market research and development activity in the UAE, with a view to developing its Property & Casualty business in the country. It will also act as a liaison office for ACE’s multinational clients in Dubai. The office is expected to be fully operational by the end of September 2008.

At the same time, ACE is pleased to announce the appointment of Mr. Mark Quinn as Country Manager, UAE. Mr. Quinn, whose previous role was as SVP – Global Property with ACE USA, has considerable industry experience most especially in the areas of property, construction and power generation insurance. Reporting to Mr. Giles Ward, Regional Managing Director, Middle East & North Africa, Mr. Quinn will be responsible for developing ACE’s representation and market presence in the UAE.

Commenting on this new appointment, Mr. Ward said, “We are very pleased to have Mark join the ACE MENA team – his experience and strong technical background are well-suited to the substantial opportunities for growth we see in the UAE, particularly in Abu Dhabi and Dubai; we are confident that ACE’s specialist expertise and product range will be of benefit to the market as a whole.”

ACE

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