ACE Launches Multinational Practice in Continental Europe; Remy Massol to Lead Unit, Clive Hassett to Broaden Area of Responsibility

ACE today announced that it has created a new practice designed to meet the needs of multinational companies that are based or operating in Continental European countries. The new unit will be led by Rémy Massol, who has been appointed Multinational Director for Continental Europe. Massol will report to Joseph Clabby, Regional President, ACE Continental Europe, and will be based in Paris, where he will work closely with several parts of the organisation to develop and deploy ACE’s multinational capabilities in the region.

In addition, Clive Hassett, Director of Multinational Services for ACE UK & Ireland, will broaden the scope of his responsibilities to include Continental Europe. In collaboration with Massol, he will ensure that ACE's multinational capabilities are enhanced and supported effectively on the Continent.

"The creation of this practice will enable us to raise the standard of service and performance for multinational companies operating in Continental Europe,” said Joseph Clabby, Regional President, ACE Continental Europe. "It will leverage all of the capabilities of our ACE GPS ^SM platform – local operations and network partners, broad product array, award-winning ACE Worldview ^SM information portal, legal and regulatory expertise and client executives – to develop customised insurance programmes for multinational clients in the region."

Rémy Massol joins ACE with considerable experience of captive fronting and multinational programmes, having previously worked for 17 years with a major global insurer in Brussels, New York and most recently Paris, where he was managing the captive fronting division for Continental Europe.

Clive Hassett joined ACE in 1999. A qualified accountant, he has held a number of financial and operational management roles within ACE in London. Over the last four years has led the Multinational Service Unit for ACE UK & Ireland, which has supported significant growth in ACE’s multinational book of business in these markets.

ENDS

ACE GPS ^SM

ACE Global Program Solutions is a dynamic platform tailored for the international insurance needs of for multinational companies. http://www.acegroup.com/gps

The following capabilities collectively make ACE one of the few insurers that can assist companies in managing their worldwide risks and navigating an increasingly complex regulatory landscape:

• Local operations in more than 50 countries and partnerships in over 120 additional countries, enabling coverage in virtually any part of the world in which a client has operations;
• Broad product array and underwriting appetite, with more than 200 property and casualty insurance products and a wide range of customized solutions;
• Innovative technology, featuring the ACE Worldview ^SM web-based information portal for risk managers and brokers;
• Local and global legal and regulatory expertise, which facilitates the development of insurance to address specific requirements;
• A network of global client executives and network managers in key locations around the world who serve as a single point of contact for coordinating all of ACE’s global resources and intellectual capital on behalf of multinational clients, and
• Multinational claims client executives, who provide leadership and co-ordination within Europe for the claims service offering and delivery to all ACE multinational clients.

About ACE

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.