ACE Appoints Robert Courtemanche as Chairman of its ACE Private Risk Services Division, Mary Boyd as Division President

Fri Mar 15, 2013 10:31am EDT

* Reuters is not responsible for the content in this press release.

PHILADELPHIA--(Business Wire)--
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: 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:

ACE North America Communications
Carla Ferrara, 215-640-4744

Copyright Business Wire 2013