HAMILTON, Bermuda - October 1, 2003 - ACE Bermuda Insurance Ltd. (ACE Bermuda), today announced the promotion of Chris Fisher to the position of Senior Vice President in its property department. Mr. Fisher takes on responsibility for the management of ACE Bermuda's global property and first party specialty lines business. He succeeds Klaus Gebhardt who was recently appointed Chief Underwriting Officer of ACE Latin America. Mr. Gebhardt will remain at ACE Bermuda and serve in an advisory role until he assumes his new position early next year.
"I have been delighted to see Chris grow consistently through our organization to establish himself as a respected business leader," commented Mark Herman, President and Chief Executive Officer of ACE Bermuda. "With secondments in both our US and London offices, Chris has taken full advantage of ACE's global platform and wherever he has worked in the Group, Chris has shown the talent, creativity and drive ACE values so highly in its employees. I am very pleased to welcome Chris to his new position and proud to promote another Bermudian to our team of leading underwriters."
Mr. Fisher recently returned to Bermuda after completing a two-year secondment at ACE USA's global property office in Chicago, where he served as Regional Underwriting Manager, responsible for mid-west and west coast property operations.
Mr. Fisher began his career with ACE Bermuda in 1995 as Underwriter in the company's excess liability department. In 1997 he undertook a year's secondment to ACE Global Markets' operations in Lloyds of London, where he worked with marine and non-marine syndicates. Upon his return to Bermuda in 1998, Mr. Fisher joined ACE Bermuda's property department as Assistant Vice President. He was promoted to Vice President in 1999, responsible for various underwriting, catastrophe modeling and outwards reinsurance functions.
Prior to joining ACE Bermuda, Mr. Fisher spent five years at BF&M General Insurance Co. Ltd. in various underwriting departments, rising to the position of Assistant Manager of non-life insurance operations.
Mr. Fisher is an Associate of the Chartered Insurance Institute (ACII) and holds a bachelor of arts degree in Geography from St David's University College, Wales.
ACE Bermuda is a Bermuda-based subsidiary of ACE Limited (NYSE: ACE). ACE Bermuda offers insurance products and services through Bermuda and non-US based intermediaries. 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.