ACE Promotes Former Fireman’s Fund Exec Fults in High Net Worth Unit

ACE Group said that Jim Fults has been named senior vice president and head of Product Management and Analytics at ACE Private Risk Services, its high net worth personal insurance business. In this role, he will be responsible for the profitable growth of all lines of insurance offered by ACE Private Risk Services. He will report to James Williamson, division president of ACE Private Risk Services.

Fults joined ACE as vice president, Product Management, for the auto and umbrella insurance lines of business, coming from Fireman’s Fund’s personal insurance business, which ACE acquired on April 1, 2015. The acquisition made ACE Private Risk Services the second largest insurer in the high net worth market.

Earlier this month, ACE announced it would acquire Chubb Insurance, the leader in the high net worth market. In 2007, ACE bought the high net worth accounts of Atlantic Mutual.

Fults has nearly 20 years of personal insurance product management experience, focusing on the needs of high net worth individuals and families.

ACE Private Risk Services provides specialty coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance. Policies are issued by Bankers Standard Insurance Co., ACE Insurance Co. of the Midwest, and Atlantic Employers Insurance Co.