a move to enhance company efficiency, Hamilton, Bermuda-based ACE Ltd. announced its plans to divide its operations into two units. Various senior executive level duty changes were also announced. Dominic Federico, current president and COO of the company, will become president and CEO 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.
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