ACE Appoints Mark Homan to Lead International Casualty Business

LONDON--(BUSINESS WIRE)-- ACE Group today announced the appointment of Mark Homan as Executive Vice President, Casualty, for ACE’s international insurance operations, effective 1 July, 2012. In this role, Mr. Homan will be responsible for the company’s commercial liability insurance business in 50 countries throughout Asia, Latin America, Europe, the Middle East and Africa. He will continue to be based in London and will report to David Furby, Division President, Commercial Property & Casualty, ACE Overseas General. Mr. Homan will succeed Keith Stibbards, who is retiring after more than 40 years of service and will continue to serve in an advisory capacity.

An insurance executive with nearly 20 years of industry experience, Mr. Homan has served as Senior Vice President, Casualty, for ACE’s international insurance operations since joining the company in early 2011. Prior to ACE, he held management positions in Europe for Chartis from 2001 to 2010 and underwriting positions in Europe and the US for Allianz, where he began his insurance career in 1993. Mr. Homan holds a Bachelor’s degree in European Business Administration from Middlesex University in London and Fachhochschule in Reutlingen, Germany.

“We are delighted to have an underwriter of Mark’s calibre in this key role,” said Mr. Furby. “His leadership experience and wealth of expertise in liability classes ideally position him to lead our international casualty team as we continue to grow and develop this business around the world. At the same time, we would like to thank Keith for the huge contribution he has made to ACE over a long and distinguished career. We congratulate him upon his retirement and wish him all the best for the future.”

About ACE:

The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com

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Source: ACE