News Releases

LONDON--(BUSINESS WIRE)--ACE European Group (ACE) (NYSE:ACE) announced today the appointment ofNikolay Dmitriev as Country Manager for its Russian operation, ACE Insurance Company CJSC. He replaces Andreas Wania who moved to the role of Regional Manager Central Eastern Europe, CIS and Russia in July this year.

Based in Moscow, Nikolay will have full management responsibility for ACE’s business in Russia. He joins ACE from AIG where he managed the commercial lines department with a team of 25 people. He was appointed President of AIG Russia in 2004 and led the opening of new offices and distribution channels across Russia.

Andreas Wania said: “ACE has grown rapidly in Russia since the incorporation of the company in October 2004. After having managed this company for more than four years I will hand over management responsibility to Nikolay and look forward to working closely with him in my new role as Regional Manager.

“Russia and the CIS still offer growth opportunities and I am convinced Nikolay will contribute new ideas on how to increase our earning streams over the next few years. He is very close to the business in Russia, with a good reputation in the market and is well known in the broker community.”

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

Contact: