News Releases

LONDON--(BUSINESS WIRE)--ACE has today announced several senior management changes within Southern Europe.

Firstly, Maurizio Ferrario, previously Country Manager for ACE Italy, assumes the new position of Senior Advisor, with a focus on sales and distribution in support of ACE’s Italian customer segmentation strategy. In addition, Mr Ferrario will support specific sales and distribution initiatives at the broader European level.

Secondly, Angel Diaz, Country Manager for ACE Iberia (Spain and Portugal), assumes the newly created position of Regional Manager, ACE Southern Europe. Remaining based in Madrid, Mr Diaz now has additional responsibility for ACE Italy. A successor to Mr Ferrario as local Country Manager for ACE Italy, based in Milan, will be made in due course and will report to Mr Diaz in his new regional capacity.

Commenting on the changes, Joseph Clabby, President ACE Continental Europe, said, “These changes represent a significant investment in ACE’s leadership team for the region and demonstrate our ongoing commitment to future growth in Italy and our wider presence in Southern Europe. I would like to thank Mr Ferrario for his commitment as ACE’s Italy Country Manager the past few years and wish both he and Mr Diaz every success in their new roles”.

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6605228&lang=en

Contact: