July 24, 2008 05:00 AM Eastern Time 

ACE Strengthens Underwriting and Development Team in Midlands

LONDON--(BUSINESS WIRE)--ACE Europe (ACE) (NYSE:ACE), has announced the appointment of two senior management positions in its Birmingham office to drive the growth of its operation in the Midlands.

Paul Jennings has joined as Property & Casualty Manager. He is responsible for the expansion of ACE’s Property & Casualty business in the Midlands. Paul has over 20 years underwriting experience and previously worked for Oval and Willis.

David Rose has joined as Business Development Manager and is responsible for ACE’s broker development within the Midlands. David joins from Zurich, where he was Senior Account Executive, responsible for national broker development. He has also held a number of positions within the Midlands broking community.

Commenting on these appointments, Patrick Drinan, UK & Ireland National Development and Distribution Director said: “These appointments support our commitment and future development plans for this important region. The experience that Paul and David bring with them, coupled with the strength of the ACE proposition, provide a strong platform for us as we continue to look at ways to enhance our presence in the Midlands.”

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