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Press release from Business Wire

ACE Announces Leadership Appointments in its Canadian Operations

Monday, April 23, 2012

ACE Announces Leadership Appointments in its Canadian Operations18:15 EDT Monday, April 23, 2012 PHILADELPHIA (Business Wire) -- The ACE Group today announced new leadership appointments in its Canadian operations. Andrew Hollenberg, Regional Senior Vice President, Accident & Health (A&H) and Life for ACE Europe, has been appointed Country President, ACE Canada. In this position, Mr. Hollenberg will oversee ACE's property and casualty, life and accident and health insurance operations in Canada. Mr. Hollenberg joined ACE in 2000 as head of the A&H business in Canada. In his most recent role, he successfully led ACE's A&H and Life operations in Europe, the Middle East and Africa, comprising 27 countries including the distribution of personal accident, supplemental health, term life, creditor and niche personal lines products to both group and individual customers. He will relocate from London to Toronto. David Brosnan, Country President, ACE Canada, has been appointed Division President, ACE Canada Property and Casualty and Chief Underwriting Officer, ACE Canada, responsible for the continued success of ACE Canada's property and casualty franchise. With more than 25 years of insurance industry experience, Mr. Brosnan has been with ACE since 2005, and in addition to serving as Country President, ACE Canada for more than three years, he previously served as Division President, ACE Casualty Risk. “I'm pleased that Andy is returning to Canada to lead ACE's operations. He has been instrumental in the ongoing growth and development of our international A&H capabilities and his experience will be an outstanding complement to our team," said Chris Maleno, Chief Operating Officer, ACE USA and Chairman, ACE Canada. "Dave Brosnan has overseen significant product expansion, improvements in our underwriting team and initiated our portfolio management strategies in Canada. I am confident that he will build on these accomplishments and further expand our property and casualty business." 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 North America CommunicationsCarla Ferrara, 215-640-4744carla.ferrara@acegroup.com