ACE International  is the international P&C and accident and health business acquired from CIGNA. The operation is headed by Kingsley Schubert, President and Chief Executive Officer. The headquarters for ACE International, located in Philadelphia, will operate as a lean and efficient team providing overall leadership and approval of the regional business strategies and plans. The team will include:

Bob Pulka , International Property and Casualty
Edward Clancy , International Accident and Health and Direct Marketing
John Jones , Planning and Finance
Dave Wisniewski , International Human Resources
Herman Nieuwenhuizen , ACE International's P&C and A&H Claims
Doug Maag , ACE International Legal

The Regional Business Management structure has four components:

ACE Europe  will be headed by Steve Schleisman , Chairman and Chief Executive Officer. Schleisman will be based in London, effective August 1, 1999. He joined the ACE Group of Companies in 1998 as executive vice president. Prior to that position, he was with MMI Companies, a healthcare service corporation, where he was executive vice president and president of the MMI Insurance Group from 1995 to 1998. Before MMI, he spent 23 years with American International Group.

ACE Far East will be headed by Tom Rowe , President and Chief Executive Officer. Based in Tokyo, Rowe previously served as head of CIGNA International's Japan business. He has more than 22 years with CIGNA and the Insurance Company of North America. In addition to his most recent post in Tokyo, he also has held senior management positions with CIGNA International in London and Philadelphia.

ACE Asia Pacific will be headed by Brian Anstey , Chief Executive Officer. Anstey will join ACE August 1, 1999, in Singapore, with more than 24 years of international insurance experience in the Asia Pacific region. In the interim, John Bassetto will manage the ACE Asia Pacific region. After the post is filled, Bassetto will become the Regional COO for P&C business in addition to his role as CEO of ACE Insurance in Australia.

Management for ACE Latin America has not been finalized; Steve Schleisman will provide interim management for Latin America.

Contact Information

Investor Contact:
Helen Wilson
(441) 299-9283

Media Contact:
Wendy Davis Johnson
(441) 299-9347