News Release

ACE UK Appoints Houghton to Complete Regional Management Team
Jun 30, 2010

LONDON--(BUSINESS WIRE)--ACE UK has appointed Jon Houghton to the role of Regional Manager Corporate Risks, Southern Region. His appointment completes the company’s senior team in the corporate segment, established as part of its new operating structure announced in September last year.

The regional management structure is a key aspect of ACE’s focus on providing each of its five UK and Ireland regions with strong local leadership and direct accountability aligned to the needs of brokers and their clients.

Jon will be responsible for the overall performance of the region which covers London and the South East of England. His role encompasses both underwriting and business development across all of the company’s Property & Casualty and Accident & Health lines of business in the corporate segment.

Commenting on his role, Jon Houghton said: “ACE has a strong reputation for its specialty lines products, underwriting expertise and service capabilities. My focus will be on growing the large to mid corporate segment within the Southern region by demonstrating to our brokers the full extent of ACE’s product portfolio so they can offer clients tailored multi-line solutions for their risk management needs.”

Jon joins ACE from QBE where he was Head of Strategic Development, Property Division. He will report to Pat Drinan, Director of Corporate Risk, ACE UK & Ireland.

Pat Drinan said: “Jon’s appointment not only completes our senior regional team but also affirms our commitment to brokers who handle large to mid corporate clients. His expertise and experience will play an important role in driving the corporate segment forward.

“The alignment of our products and services with the need of brokers and their large to mid clients reflects our deep understanding of the particular business operations and risk exposures those clients face. Through the ACE network we are ideally placed to support brokers in servicing the insurance needs of their larger clients, in particular those that are also expanding overseas or already have overseas operations.”

ENDS

About ACE

ACE is well known for its experience and expertise in catering for medium to large clients worldwide. In the UK & Ireland ACE is structured into two core segments:

The Corporate Risk segment provides property, casualty, accident & health and other specialty insurance products. Target clients are broadly defined as those with turnovers of more than £5m and 50 plus staff with conventional insurance programme requirements.

The Major Risks segment provides property, casualty, accident & health and other specialty insurance products. Major Risks clients are broadly defined as companies with a turnover of greater than £500m and employing a full time global risk manager requiring non-conventional insurance programmes.

ACE UK & Ireland’s five regions are:

  • Ireland (Dublin and Belfast)
  • Scotland (Glasgow)
  • The North (Leeds, Manchester, Newcastle)
  • Midlands (Birmingham)
  • London and South East (London, Maidstone, Reading, Watford)

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