ACE Chooses Shaw as Chief Underwriter-Global Markets, Tempest Re Chairman

June 18, 2008

ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President ACE UK.

Shaw has more than 25 years of insurance industry experience. He began his career at Lloyd’s in 1982 working in Aviation and Non Marine lines, underwriting both direct and reinsurance business. He joined ACE Tempest Re Europe in October 2002 from St Paul, where he served as a director of the board of the Managing Agent and Active Underwriter for syndicate 340.

ACE named Andreas Lewin as Shaw’s successor as Managing Director of ACE Tempest Re Europe. He has served as the Company’s Deputy Managing Director since June 2007. In his new role Lewin will report to Jacques Bonneau, President and CEO, ACE Tempest Re Group and to Shaw.

Lewin, who’s from Bermuda, previously served as President and CEO of ACE Tempest Re Bermuda, where he was responsible for managing its P/C operations in Bermuda. He joined the company in April 1998. He holds a Bachelor of Science in Mechanical Engineering from the Massachusetts Institute of Technology in Boston and the Associate in Reinsurance designation (ARe).

Pryce noted that Shaw has “considerable cross class underwriting and reinsurance expertise,” which would prove “invaluable to AGM as we seek to consolidate our position as a pre-eminent global specialty and E&S insurer.”

Source: ACE Limited – www.acelimited.com

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