PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced that Jim Fults has been named Senior Vice President and Head of Product Management and Analytics at ACE Private Risk Services, its high net worth personal insurance business. In this role, he will be responsible for the profitable growth of all lines of insurance offered by ACE Private Risk Services. He will report to James Williamson, Division President of ACE Private Risk Services.
Mr. Fults joined ACE as Vice President, Product Management, for the auto and umbrella insurance lines of business, coming from Fireman’s Fund’s personal insurance business, which ACE acquired on April 1, 2015. The acquisition made ACE Private Risk Services the second largest insurer in the high net worth market.
“Jim’s expertise and leadership skills make him ideal for this critical position in our organization,” said Mr. Williamson. “He has a strong track record of delivering product differentiation and profitability. Moreover, his experience with underwriting strategy and product development, as well as product management, will ensure that all three functions integrate seamlessly for a cohesive overall approach.”
Mr. Fults has nearly 20 years of personal insurance product management experience, focusing on the unique needs of financially successful individuals and families. He holds a Bachelor of Science degree in Criminal Justice Science from Illinois State University in Normal, IL.
ACE Private Risk Services’ preeminent product for financially successful individuals and families is the ACE Platinum Portfolio®. The ACE Platinum Portfolio allows independent agents and brokers to tailor specialized home, auto, watercraft, valuable collections and umbrella liability coverage for their high net worth clients within one package policy, and often with one bill. ACE Private Risk Services also recently expanded its product reach to seven European countries and Canada to protect and serve the growing number of families with homes and other assets both in the U.S. and abroad.
About ACE Private Risk Services
ACE Private Risk Services is ACE Group’s high net worth personal insurance business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for financially successful individuals and families. Policies are issued by Bankers Standard Insurance Co., ACE Insurance Co. of the Midwest, and Atlantic Employers Insurance Co. Additional information can be found at: www.aceprs.com.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter, https://twitter.com/ACEGroupNA.