ACE : Appoints Fabien Vaillant as Middle Market Financial Lines Leader, EASYACE Manager for Continental Europe

LONDON--(BUSINESS WIRE)--ACE Group today announced the appointment of Fabien Vaillant as its new Middle Market Financial Lines Leader and EASY ACE Manager for Continental Europe, as it continues to expand its insurance capabilities for the middle market segment across the region.

In his role as Middle Market Financial Lines Leader, Fabien will be responsible for the profitable growth of ACE's middle market portfolio in Continental Europe, with an emphasis on product development, underwriting efficiency and further improving customer experience as well as managing product distribution. Initially, he will focus on the development of new private D&O and commercial professional indemnity propositions.

EASYACE is ACE's insurance offering that provides speedy and efficient service to brokers and their small and medium-sized commercial clients in France and Spain. In his new role as EASYACE manager Fabien will be responsible for rolling out the EASYACE proposition in other core European markets and further developing ACE's e-commerce capabilities.

Fabien's appointment follows the recent launch of ACE Middle Market Solutions, an enhanced proposition for brokers and clients in Continental Europe. The proposition will provide middle market companies with access to ACE's multinational capabilities and dedicated relationship managers. It will also give brokers and their middle market clients access to educational and technical support on emerging risks.

Fabien has more than 12 years of insurance industry experience. He joined ACE as a middle market D&O underwriter in 2003. More recently he held the position of Financial Lines Manager for ACE in France where he developed a broad middle market portfolio with a focus on private D&O and commercial PI.

Fabien will continue to be based in Paris and his appointment is effective immediately. He will report to Grant Cairns, Financial Lines manager for ACE in Continental Europe and Steve Reiss, Chief Operating Officer for ACE in Continental Europe.

Grant Cairns, Financial Lines manager for ACE in Continental Europe, said:

"Fabien's appointment indicates the strong emphasis ACE places in providing the right insurance cover for middle market and small companies - the backbone of European economy. Research, including ACE's own, shows that financial lines cover is becoming increasingly important for companies of this size. Fabien's great experience will help us respond to this real market need with relevant, comprehensive insurance solutions for our brokers and clients."

Steve Reiss, Chief Operating Officer for ACE in Continental Europe, said:

"SMEs play a crucial role in economic activity and job creation across Europe. However, their size means that they can be more vulnerable to external threats and risks. With EASYACE, we provide smaller businesses with the insurance cover they need in order to effectively face those challenges and grow, while providing an easy-to-use platform to improve the brokers' experience."

ENDS

About ACE:

ACE Group is one of the world's largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

Visit www.acegroup.com/eu