ACE Global Markets Appoints Russell Burgess Underwriting Manager, Accident & Health

October 3, 2008 8:41 AM EDT

LONDON--(BUSINESS WIRE)--

ACE Global Markets (NYSE: ACE) has announced the appointment of Russell Burgess as Underwriting Manager, Accident & Health.

Russell will be responsible for the strategic underwriting direction of the ACE Global Markets Accident & Health portfolio. He will also lead product development initiatives and direct new business strategy. Russell will report directly to Matthew Shaw who was recently appointed Chief Underwriting Officer for ACE Global Markets.

Russell joins ACE from Chubb Insurance Company of Europe where he was Senior Accident & Health Underwriter. He has also held Accident & Health underwriting positions at Independent Insurance Company and Royal & SunAlliance.

Commenting on his appointment, Matthew Shaw said: "I am delighted to welcome Russell to ACE Global Markets. He brings with him an expert understanding of this specialist product line within both the UK Corporate and London insurance market. As a pre-eminent global specialty insurer, I am confident Russell will play a key role in the future expansion of our Accident & Health business."

    Notes to Editors

    ACE

ACE European Group has established branch offices in 19 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 European countries and affiliates in Egypt, Bahrain, Pakistan, Russia and South Africa.

Part of the ACE Group of Companies, 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.

The ACE Group of Companies 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

Source: ACE Global Markets

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