News Releases

HAMILTON, Bermuda--(BUSINESS WIRE)--May 2, 2005--ACE Limited (NYSE:ACE) announced today the appointment of Kevin M. Rampe as Global Ethics & Compliance Officer, effective May 23. The former President & Chief Executive Officer of the Lower Manhattan Development Corporation, Mr. Rampe will be responsible for providing ethics and business practices guidance, educating the ACE organization on that guidance and maintaining a global monitoring function to evaluate compliance. 
 

Mr. Rampe will chair a new company global ethics and compliance committee responsible for coordination of compliance-related functions across the ACE Group of Companies. His mandate will include communication and training for business ethics and compliance-related matters across the organization. Mr. Rampe will report to Robert Cusumano, General Counsel of ACE Limited, on a day-to-day basis and will also report directly to Evan Greenberg, President & Chief Executive Officer of ACE Limited, and to the Audit Committee of the ACE Board of Directors.

"I am pleased that Kevin Rampe has chosen to join ACE," Mr. Greenberg said. "He has impressive legal and regulatory credentials as well as a wealth of industry knowledge. His new position underscores our commitment to the highest standards of ethical conduct, which are absolute and companywide."

Prior to his assignment with the Lower Manhattan Development Corporation, Mr. Rampe was First Deputy Superintendent of the New York State Insurance Department. Earlier in his career, Mr. Rampe served as a senior legal advisor to New York State Governor George E. Pataki. He is a graduate of Union College and the Albany Law School of Union University.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor's 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: http://www.acelimited.com.