HAMILTON, Bermuda - October 14, 2003 - ACE Limited (NYSE: ACE) announced today that Paul Medini has been appointed Chief Accounting Officer of ACE Limited, effective immediately. His position was previously held by Robert Blee, who assumed the newly-created role of Chief Compliance Officer in March 2003.
Mr. Medini joins ACE from pricewaterhouseCoopers, where he was a partner with over 22 years of experience in their property/casualty insurance practice. His clients included many of the major insurers and reinsurers, both domestic and non-U.S. based.
Mr. Medini is a member of the American Institute of Certified Public Accountants and has a Master's degree in Business Administration and a Bachelor of Arts degree, both from Pace University in New York.
Mr. Medini will be based in Bermuda and reports directly to Philip Bancroft, Chief Financial Officer of ACE Limited.
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.