News Releases

LONDON--(BUSINESS WIRE)--ACE (NYSE:ACE) today announced the recent appointment of Steve Baker to its Technical Risks team as Regional Construction Underwriter, responsible for developing the construction book of business in the Midlands and the South.

He will be based in ACE’s Birmingham branch and will report to Kevin Lutz, UK and Ireland Technical Lines Manager. Baker takes over his role from Andrew Morris, who will be moving to join ACE in Australia at the end of the year.

With more than 24 years’ experience in the industry, Steve joins ACE from RSA, where he worked across the Midlands and South regions and had a key role establishing the Construction, Power and Engineering trading team.

Kevin Lutz commented: “In Steve’s appointment we are fortunate to have gained one of the most experienced practitioners in the technical risks area. I am confident he will be able to continue developing ACE’s construction footprint across the regions, which firmly established ACE as experts in this field”.

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)

ACE European Group is part of the ACE Group, 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. ACE’s core operating insurance companies – including ACE European Group Limited – hold financial strength ratings of AA- (Very Strong) from Standard & Poor’s and A+ (Superior) from A.M. Best.

Visit www.acegroup.com/uk