ACE Launches Surety Services in France, Joins Global Surety Association

The ACE Group has expanded its international surety capabilities in Continental Europe, by launching services in France and making a new executive appointment to lead this initiative. Aymeric Vinet Desrues joins ACE as surety underwriting manager, France, where he will be responsible for the growth and development of ACE’s surety capabilities in this market. Vinet Desrues will be based in Paris and will report to Luc Reuter, senior vice president and head of surety for ACE’s Europe, Middle East and Africa region.

With more than 12 years of insurance industry experience, Vinet Desrues joins ACE from a global carrier, where he previously led efforts to launch the company’s international surety team in Frankfurt, Germany, and launched and led its French surety operations in Paris, from 2007 until early 2013. He holds a Master’s degree of Business Administration in Finance from Laval University in Quebec, and a Master’s degree in Finance from the University of Lille in France.

In addition, ACE has been accepted into the International Credit Insurance and Surety Association (ICISA), which brings together the global trade credit insurance and surety bond providers.

ACE offers a range of surety products, including:

• Contract bid, advance payment, performance and maintenance bonds
• VAT and custom bonds
• Bonds to secure payment and legal/regulatory obligations, like environmental bonds
• Bonds to appeal adverse tax related and civil judgments

ACE has more than 200 dedicated surety experts in 11 countries to assist local companies seeking surety bonds in their home market as well as multinational companies requiring bonds in multiple locations around the world. In addition to ICISA, ACE is a member of the Surety and Fidelity Association of America and the Pan America Surety Association.