ACE Names John Lupica Vice Chairman

ACE Limited (NYSE: ACE) announced today that John Lupica, Chairman, Insurance – North America, has been named to the additional position of Vice Chairman, ACE Limited and ACE Group Holdings.

Mr. Lupica’s responsibilities encompass ACE’s property and casualty insurance operations in the U.S., Bermuda and Canada. These operations include: ACE USA, a retail broker-distributed commercial insurance business; ACE Agriculture, which offers crop insurance and agribusiness coverages through agents and brokers; ACE Westchester, which provides commercial P&C excess and surplus lines through wholesale brokers; ACE Private Risk Services, which markets high-value personal lines coverages through independent agents and brokers; ACE Bermuda, which offers liability, property, political risk and captive programs through large international brokers; and ACE Commercial Risk Services, which provides specialty coverages to small and mid-size businesses through agents and brokers.

“I am pleased to name John vice chairman of the company in recognition of the significant contributions he has made to ACE and to acknowledge the wider role he plays in our company,” said Evan G. Greenberg, Chairman and Chief Executive Officer, ACE Limited. “John is a great leader and a true insurance professional with unquestioned integrity – I trust his judgment and view him as my partner and colleague.”

“Our operations in North America have benefited greatly from John’s leadership and his thoughtful approach to building our franchise in the region,” said John Keogh, Vice Chairman and Chief Operating Officer, ACE Limited. “I look forward to continue working with John for years to come.”

Mr. Lupica, who has over 25 years of property and casualty insurance experience, joined ACE in 2000 as Executive Vice President of the U.S. Professional Risk business and advanced to Division President of the unit. He also served as Division President of U.S. Regional Operations before being named President of ACE USA in 2005. He was appointed to the additional role of Chief Operating Officer, Insurance – North America, in 2010 and to his current role in 2011. Prior to ACE, Mr. Lupica served as Senior Vice President for Munich-American Risk Partners, Inc., and held various management positions at AIG.

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.

Copyright Business Wire 2010

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