ACE Bermuda Insurance Ltd. (ACE Bermuda), a wholly owned subsidiary of ACE Limited (NYSE:ACL), today announced that James C. Hooban has been appointed to the newly-created position of Managing Director of ACE European Markets Insurance Limited and ACE European Markets Reinsurance Limited (ACE European Markets), subsidiaries of ACE Bermuda in Dublin, Ireland.
Mr. Hooban comes to ACE European Markets from Munich American RiskPartners where he managed the Global Risk Management Department and was key in developing their international business. He has also held senior positions with American International Group and Northwestern National Risk Management Services. A graduate of the University of Maryland, Mr. Hooban holds a Bachelor of Science degree in Business Management.
Gary Schmalzriedt, President and CEO of ACE Bermuda, said, "Jim brings over 22 years of experience in the insurance industry to this new position which we believe will be invaluable as we continue to develop and market the line of products available from ACE European Markets."
Pierre Samson, Senior Vice President of ACE Bermuda's Tailored Risk Solutions (TRS) division, said, "In particular, Jim will spearhead our initiatives to develop the TRS division's portfolio in the European Community, where we see growing interest in more sophisticated approaches to insurance and finance-related risk solutions."
"ACE is known as a leader and pioneer in the insurance industry," said Mr. Hooban. "I am pleased to join an organization that is forward thinking and progressive and I look forward to working with the excellent team at ACE European Markets," said Jim Hooban.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com .