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TheStreet Open House

ACE Appoints Robert Courtemanche As Chairman Of Its ACE Private Risk Services Division, Mary Boyd As Division President

Stock quotes in this article: ACE

The ACE Group today announced key leadership appointments in the company’s high-net-worth personal insurance business. Robert Courtemanche has been appointed as Chairman of ACE Private Risk Services, and Mary Boyd as Division President of ACE Private Risk Services.

Mr. Courtemanche joined ACE in 2008 as Division President of ACE Private Risk Services. Ms. Boyd joined in 2010 as Senior Vice President and Chief Administrative Officer of the Division. She was appointed Chief Operating Officer in January 2012.

In his new role as Chairman, Mr. Courtemanche will focus primarily on long-term strategic issues and external relationships for ACE Private Risk Services. As Division President, Ms. Boyd will manage the day-to-day running of ACE Private Risk Services’ operations, including developing and executing near and long-term strategic plans.

“Bob and Mary have been instrumental in the success of ACE Private Risk Services, a division that in only five years has become a significant and respected insurer for high net worth families, including some of the wealthiest in the country,” said Juan Andrade, Chief Operating Officer, ACE Overseas General, and President, ACE Global Personal and Small Commercial Insurance. “They are experienced and dynamic leaders, who are well prepared to drive ACE Private Risk Services in the next stage of its growth.”

Mr. Courtemanche brings more than 30 years of personal lines insurance industry experience to his new role. Prior to joining ACE, Mr. Courtemanche served as President of the Fireman’s Fund’s Personal Insurance business. He previously served as Senior Vice President of American International Group’s (AIG) Private Client Group, and has held several key management positions at Chubb & Son, Inc.

Ms. Boyd brings nearly 20 years of experience in the insurance industry to her new role. Prior to joining ACE, Ms. Boyd served as Senior Vice President, Managing Director at Insurance Company of the West / Explorer Insurance Company from 2006 to 2010. She also has held various positions at Chubb & Son, Inc., including Vice President of Predictive Analytics as well as actuarial and program management roles from 1994 to 2006 .

About ACE Private Risk Services

ACE Private Risk Services is the ACE Group’s high-net-worth personal insurance business, which provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and valuable collections insurance for individuals and families with emerging and established wealth. Policies are issued by Bankers Standard Insurance Co. and ACE Insurance Co. of the Midwest. Additional information can be found at: www.aceprs.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 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 (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com .

Copyright Business Wire 2010

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