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LONDON--(BUSINESS WIRE)--ACE UK has today announced the appointment of Matthew Shaw as President, ACE Global Markets (AGM) and Active Underwriter for Syndicate 2488. In addition, subject to Lloyd’s and FSA approval, Matthew is appointed a member of the Board for both ACE European Group Limited and ACE Underwriting Agencies Limited. In his new role, Matthew will continue to report to Richard Pryce as President ACE UK.

Commenting on the appointment, Richard Pryce said:

“Since Matthew Shaw assumed the role of Chief Underwriting Officer for AGM in July 2008, he has made a significant contribution to the development of this business. I am confident that he, along with the AGM product line heads, will continue to profitably develop the business and maintain its market leading position.”

About ACE

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), a component of the S&P 500 stock index, 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.acegroup.com.

ACE Global Markets (AGM) is the ACE Group’s specialty international underwriting business, with distribution capabilities offered through both ACE European Group Limited (AEGL) and ACE’s Lloyd’s Syndicate 2488, managed by ACE Underwriting Agencies Limited (AUAL). AGM’s product range covers principally E&S business, aviation, financial lines, property, marine, energy and political risks.

For more information on AGM please go to www.aceglobalmarkets.com

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