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.
Was this article valuable?
Here are more articles you may enjoy.
Death of Irish Teens in Crash Prompts Social Media Warning 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens 
CIAB Survey: Overall Soft Market Conditions Continue in Q2 
