ACE to Split Operations, Names New CEOs

February 2, 2000

ACE Ltd. plans to divide its operations into two units, each with a president and chief executive, to increase the efficiency of the company.

Current President and Chief Operating Officer Dominic Federico will become president and chief executive officer of the U.S. and Bermuda Group, where he will oversee insurance, reinsurance and financial services operations.

John Charman, chief executive of ACE Global Markets, will become president and CEO of the ACE International Group.