News Release

ACE Bermuda Announces Senior Appointments in Its Professional Lines Department
Mar 15, 2010

HAMILTON, Bermuda--(BUSINESS WIRE)--ACE Bermuda today announced the appointment of Jeffrey Jabon to the position of Senior Vice President of its Professional Lines department. In this role Mr. Jabon will take on management of the department and will be responsible for the development of ACE Bermuda’s professional liability book of business. Mr. Jabon will report to Rees Fletcher, President and Chief Executive Officer of ACE Bermuda.

Philippe Bacon has been appointed Senior Vice President, Senior Underwriter of the Professional Lines department, reporting to Jeffrey Jabon. Mr. Bacon, a long serving member of ACE Bermuda’s professional liability team, will serve as a senior technical resource and will assist with the management of the professional lines business.

Commenting on the appointments, Rees Fletcher, President and Chief Executive Officer said, “I am delighted to announce these appointments and to encourage Jeffrey and Philippe in their new roles. Jeffrey’s leadership capabilities and underwriting experience along with his knowledge of the Bermuda market and international insurance industry position him well to lead the Professional Lines team. Given Philippe’s significant experience in professional lines at ACE Bermuda, I expect him to play a key role in helping to drive our business forward. I have every confidence in the ability of Jeffrey and Philippe to profitably grow our professional lines business.”

Before joining ACE Bermuda Mr. Jabon worked as a management consultant to the insurance industry in New York, Boston, and Bermuda. Prior to that he held senior underwriting and business analyst positions within American International Group in New York. Mr. Jabon holds a Bachelors degree from Cornell University and Graduate Degrees from the University of Notre Dame and the London School of Economics.

Mr. Bacon has over 25 years of experience in the insurance industry. He joined ACE Bermuda in 1992 and since then, has been responsible for developing the department’s book of business and underwriting a portfolio of Fortune 500 D&O and professional liability accounts. Prior to joining ACE, Mr. Bacon worked for Marsh Global Brokers (Bermuda) Ltd, where he served as a D&O and E&O broker with responsibility for placing multinational risks.

ACE Bermuda is a Bermuda-based subsidiary of ACE Limited (NYSE:ACE) and offers high-level excess liability, property and professional lines insurance products and services through Bermuda and non-US based intermediaries. Additional information can be found at www.acebermuda.com.

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Contact:

ACE Bermuda
Media Contact:
Amy Shillingford, Bermuda Communications, 441-299-9365
amy.shillingford@acegroup.com