News Release

ACE Opens US West Coast Political Risk and Credit Operation
Jun 24, 2010

LONDON--(BUSINESS WIRE)--International specialty insurer, ACE Global Markets (AGM), has today announced the opening of a new US Political Risk and Credit operation based in Los Angeles. The office will serve the West Coast region and is headed by Ray Tizabi as its new Vice President, Trade Credit.

Ray joins AGM from Pinebridge Investments where he was a Vice President in its leveraged loans group. Prior to this, he was West Coast Regional Manager for AIG Global Trade Credit, a role he held for five years. Ray will work closely with AGM’s teams in London, New York and Singapore to support the global business.

The new Los Angeles-based operation will provide enhanced levels of service to existing West Coast clients and enable the firm to generate additional business in a region which offers significant growth potential in the trade credit area.

Julian Edwards, Head of Product Line, Political Risk & Credit at AGM, said: “Ray’s appointment to lead the West Coast operation reinforces our strategic focus to build our capabilities in this region. This development is further evidence of ACE’s commitment to the trade credit market and plans to grow our team and operations globally.”

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

Contact:

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