HAMILTON, Bermuda, March 24, 2002 - Chairman and Chief Executive Officer of the ACE Group of Companies, Brian Duperreault, today announced that Paula Cox JP MP has been appointed to the position of Corporate Counsel of ACE Limited (NYSE: ACE).
In her new role, Ms. Cox will provide legal support to a variety of departments at ACE Limited. Ms. Cox will also be responsible for providing Corporate Governance services to other Bermuda based ACE affiliates. She will report directly to General Counsel Peter Mear and will assist in providing legal services to other client areas within the holding company.
In announcing Ms. Cox's appointment, Mr. Duperreault said he was delighted to have her join the team at ACE.
"It's not everyday that we hire someone with a public résumé," said Mr. Duperreault. "As everyone who has come in contact with Paula knows she is a very astute and talented individual who will bring a wealth of professionalism and expertise to her new role. We know Paula will be a great addition to our team."
Mr. Mear said that Ms. Cox's legal counsel and support will enable ACE's continued growth and development as a global organization.
"ACE now has operations in 50 countries around the world, overseen by a holding company based in Bermuda," said Mr. Mear. "As the organization has grown, so too has the need for expert legal counsel. I know that the departments of ACE Limited and many of our subsidiaries will welcome the opportunity to work with Paula in achieving their business goals and objectives."
Ms. Cox, who comes to ACE after eight years with The Bank of Bermuda, commented: "My appointment as Corporate Counsel of ACE Limited is an excellent opportunity to apply my legal skills as well as to gain extensive experience in a different sector of Bermuda's international business industry. I look forward with relish to the job ahead."
Ms. Cox most recently held the position of Vice President and Senior Legal Counsel, Global Fund Services (GFS) at The Bank of Bermuda. As the Head of Legal, Risk and Compliance for GFS Bermuda, her responsibilities included management oversight of various aspects of the Bank's international operations. Ms. Cox is currently the Minister of Education and Development for the Government of Bermuda and is a former Minister of Labour, Home Affairs and Public Safety.
Ms. Cox holds a Bachelor of Arts Degree in Political Science from McGill University, Montreal and a postgraduate Diploma in International Law from the University of Manchester, England. Ms. Cox also attended public international law sessions at the Hague Academy of International Law. She completed her professional qualifications at The College of Law in London and was enrolled as a Solicitor of England and Wales in 1991. Ms. Cox was called to the Bermuda Bar in January 1992.
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.