News Release

ACE Announces Trade Credit Appointments
Apr 7, 2010

LONDON--(BUSINESS WIRE)--Specialty international insurer, ACE Global Markets (AGM)(NYSE:ACE) has today announced key appointments to its Trade Credit teams in London and New York.

Stuart James has been appointed Head of Trade Credit based in London with effect from 1st June 2010. He will be responsible the performance and development of the business on a global basis. Stuart will report to Julian Edwards, Head of Political Risk & Credit at ACE Global Markets. He will join ACE from EH Collections, part of leading credit insurance provider Euler Hermes and was previously Head of Strategic and Global Account Management, a Regional Director of World Agency and Board Director of the business.

Peter Amos has been appointed Underwriting Manager of the team with effect from 1st September 2010. He will join from credit insurer Atradius where he was Head of Special Products, UK and Ireland.

Paul Holroyd has been appointed Senior Underwriter in London with effect from 1st June 2010. He will join ACE from Euler Hermes and was Strategic Account Manager. Paul has previously held roles with Coface and Marsh.

Martin Jeffery has joined ACE as Risk Analyst. He has 18 years experience in credit management roles and joins from Zurich Insurance where he was Risk Underwriter.

Howard Lee has joined ACE as Underwriter, Trade Credit based in New York. He reports to Joe Loiacano, Manager of ACE’s Trade Credit business in New York. He was previously at FCIA as an Underwriter servicing the US West Coast region.

Julian Edwards commented: “We have put in place a team with considerable trade credit experience which demonstrates our determination to expand the business. We also intend to build the team further in the near future with additional appointments to our Risk Analyst team in London and Singapore.”

George Bolton, Vice President of Structured Trade Credit, who has been heading up the Trade Credit team over the interim period, will continue to be involved to ensure a consistent transition.

About ACE

Part of the ACE Group, 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

Celebrating 25 years of insuring progress, the ACE Group 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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Contact:

Concise Public Relations
Alex Wise or Ian Barrett
+44 (0)20 7100 3960
alex@concisepr.com
ian@concisepr.com
or
ACE
Katie Weeks, Communications Manager
+44 (0)207 173 7585
katie.weeks@acegroup.com