Ace Guaranty Re Makes Name Change

January 6, 2003

ACE Guaranty Re Inc., a subsidiary of ACE Limited and one of the ACE group of insurance and reinsurance companies, has changed its name to ACE Guaranty Corp.

Joe Swain, formerly President of ACE Guaranty Re, has been appointed to the position of CEO of AGC. Howard Albert, formerly Executive Vice President of ACE Guaranty Re, assumes the role of president of AGC.

“Our name change is the natural result of AGC’s increased focus on the direct provision of credit enhancement to structured finance and municipal transactions, along with its reinsurance activities,” Swain remarked. “More than fifteen years of underwriting experience, coupled with superior financial strength, has made AGC a prominent participant in the credit enhancement markets.”

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