HAMILTON, Bermuda, March 25, 2004 - Gary Schmalzriedt, Chairman and CEO of ACE Overseas General (AOG) today announced the appointment of Laura Santirocco to the post of Senior Vice President and General Counsel for AOG's operations in Asia and Latin America. AOG is a financial reporting segment of ACE Limited (NYSE: ACE) and comprises the Company's international property casualty and accident and health businesses and its Lloyd's operations.
Reporting to Mr Schmalzriedt, Ms Santirocco will be based in New York and is responsible for providing legal counsel to AOG's Latin America, Asia Pacific, Greater China, and Far East operating units.
Before joining ACE, Ms Santirocco worked for ING Americas, where she served most recently as counsel to the company's Latin America region. She had previously worked for Aetna International in a division responsible for Latin America and Asia and assumed her role at ING America when the company acquired Aetna. Ms Santirocco had been with Aetna since 1987. Before this time, Ms Santirocco had worked in a private practice in Boston for five years, after graduating from Yale University and Harvard Law School.
"With Laura's considerable experience in the international arena, she will be a strong asset to ACE Overseas General, providing strategic legal counsel to the group," commented Mr Schmalzriedt. "Her proven expertise in providing legal counsel to the Asian and Latin American regions will be crucial as we grow our operations. I am very pleased to welcome Laura to ACE."
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. A component of the Standard & Poor's 500 stock index, The ACE Group conducts its business on a worldwide basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com.