ACE Makes Appointments in Its Bermuda Reinsurance Unit

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ACE Makes Appointments in Its Bermuda Reinsurance Unit

HAMILTON, Bermuda--(BUSINESS WIRE)-- ACE (NYS: ACE) today announced three appointments in its ACE Tempest Re Bermuda reinsurance unit - Wayne Ashley as Chief Underwriting Officer, International; Graeme Henderson as Vice President, International; and Darin Cassidy as Vice President, USA. All will be based in Hamilton, Bermuda.

In his new role, Mr. Ashley will have responsibility for ACE Tempest Re Bermuda's business with primary insurers outside of North America and will report to Tim Mardon, Division President, ACE Tempest Re Bermuda. An executive with nearly 18 years of experience in the industry, Mr. Ashley joined ACE Tempest Re Bermuda in 2006 as Assistant Vice President, International, and was promoted to Vice President in 2009 and Senior Vice President earlier this year. Prior to ACE, for seven years he was with Alea London, where he underwrote the International treaty portfolio. He began his career in London at Zurich Re in 1994 in the Reinsurance Treaty unit.


Mr. Henderson, who will report to Mr. Ashley, will join ACE from Axis Reinsurance Company, where he has been since 2005, most recently as an Underwriter for the International business in Bermuda. Previously, he worked for Marsh Global Markets in Bermuda. A Bermudian, Mr. Henderson received a Bachelor of Arts degree in Political Science from McGill University in Montreal and holds the Chartered Property Casualty Underwriter (CPCU), Associate in Reinsurance (ARe) and Certified Catastrophe Risk Analyst (CCRA) designations.

Mr. Cassidy, who has been promoted within the USA unit, will continue to report to Brock Webel, Chief Underwriting Officer, USA Property Catastrophe and Specialty lines. Mr. Cassidy joined ACE Tempest Re Bermuda in 2004 as a catastrophe analyst, then joined the USA underwriting team in 2008 and was promoted to Assistant Vice President in 2010. A Bermudian, Mr. Cassidy received his Bachelor of Arts degree in Public Relations and Advertising and an MBA from the University of Central Florida.

Commenting on the appointments, Mr. Mardon said: "Wayne's considerable experience in the International catastrophe treaty market, reinsurance expertise and strong track record will prove invaluable to ATR Bermuda as we seek to expand and consolidate our international book. Wayne will play a central role in managing the team and ensuring our continued success in this business.

"In addition, I am pleased to welcome Graeme to the company where he will help Wayne and our International team. I am also pleased to congratulate Darin on his promotion. He is a technically skilled professional with proven underwriting ability."

ACE Tempest Re Group is the global reinsurance business of the ACE Group. ACE Tempest Re Group provides a broad range of products to a diverse array of primary property and casualty insurers through major business units in Bermuda, North America, Europe, Asia and South America. Additional information can be found at: www.acetempestre.com

The ACE Group is one of the world's largest multiline property and casualty insurers. With operations in 53 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 the ACE Group, is listed on the New York Stock Exchange (NYS: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com.



ACE
Stephen Wasdick, 1-212-827-4444
stephen.wasdick@acegroup.com

KEYWORDS:   United States  Bermuda  North America  Caribbean

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