ACE : Expands European Surety Business to Germany; Appoints Charles Villette as Surety Underwriting Manager

FRANKFURT, Germany--(BUSINESS WIRE)--ACE Group today announced the appointment of Charles Villette as Surety Underwriting Manager in Germany, as it expands its surety capabilities in Europe's biggest economy.

Charles Villette will be responsible for the growth and development of ACE's surety capabilities in Germany and support the continued development of ACE's European surety offering. Charles has more than ten years of insurance industry and surety experience and joins ACE from a major international insurer where he was Head of International Surety Business. Charles has a degree in Business Administration and holds a Master's of Science in Finance. He will take up this newly-created role from October 1st and will be based in Frankfurt. He will report to Luc Reuter, Senior Vice President and Head of Surety for ACE in Europe and Andreas Wania, ACE Country President, Germany.

Andreas Wania, ACE Country President, Germany, said:

"The addition of surety to our portfolio underlines our commitment to providing a broad proposition for our most significant clients in Germany. Charles is an experienced surety professional; his knowledge of the local as well as the international surety market will help us provide superior cover to the increasing number of companies in Germany that are seeking alternative credit lines."

Luc Reuter, Senior Vice President and Head of Surety for ACE in Europe, said:

"The expansion of our surety offering in Europe has been welcomed by both brokers and reinsurance partners. The launch of our surety proposition in Germany is the next natural step in our strategy since 2012, and addresses the rising needs of successful companies exporting abroad. ACE's AA rating, global presence and great underwriting expertise give us a strong platform to grow our offering."

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