ACE Limited (NYSE: ACE) announced today that Roberto Mendoza has resigned as a director of ACE.
Mr. Mendoza’s resignation is in connection with a minority investment by ACE in Integrated Finance Limited ("IFL"), a company to which Mr. Mendoza has been named Chairman of the Board and Managing Director. IFL is a solutions-driven and client-oriented wholesale financial intermediation firm.
Mr. Mendoza has been a director of ACE since November 1999 and previously served as a director of ACE from 1985 to 1996.
Brian Duperreault, Chairman and Chief Executive Officer of ACE Limited, said: "Roberto was one of the founders of ACE and we are sorry to lose him as a board member. However, we look forward to continuing to work with him at IFL and having access to his experience and advice."
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.