ACE has announced the appointment of Andy Hollenberg as Senior
Vice President, Accident & Health (A&H), ACE Europe. Mr Hollenberg
will be based in London and moves from his previous role as Vice
President, A&H for ACE Far East. In his new role, he will lead ACE's
A&H operations in Europe, the Middle East and Africa. As such, he will
be responsible for the distribution of accident, supplemental health,
term life, creditor and niche personal lines products to both group
and individual customers.
Mr Hollenberg succeeds Edward Levin, who has moved to the position
of Executive Vice President, ACE Overseas General, with responsibility
for all of ACE's International A&H business. Mr. Hollenberg will
report jointly to Mr. Levin and to Andrew Kendrick, Chairman and Chief
Executive Officer, ACE European Group. Mr. Levin, in turn, reports to
Ed Clancy, President and Chief Operating Officer, ACE Overseas
General, Mr Levin will continue to be based in London.
Commenting on his new role, Mr Hollenberg said: ""In 2006 and 2007
ACE Europe established a tremendous platform for growth, with expanded
distribution and product capabilities. The integration of A&H, Life
and Personal Lines products enables ACE to provide unique solutions
and growth opportunities for its customers and business partners. Over
the coming months we'll be bringing a number of innovative value-added
products and programmes to the market!"
Mr Levin commented: "I am delighted that Andy will join ACE
Europe. Our A&H business has seen enormous growth over the last
several years and will need experienced leadership as it continues to
grow. Andy brings experience from ACE's A&H business in both North
America and Japan. His rich experience will enable us to further
enhance our customer proposition and to capitalise on the many
opportunities for growth in Europe."
Note to Editors:
Andy Hollenberg
Mr. Hollenberg assumed his previous role as head of ACE's A&H
business in Japan in May 2003. He joined ACE in 2000 as head of the
A&H business in Canada. Prior to joining ACE, Mr. Hollenberg spent 10
years at Avco (now part of Citigroup), where he was involved in
national marketing and strategic planning, and finally direct
marketing of A&H products for Avco's captive insurance companies.
Prior to that, Mr. Hollenberg served as a strategic planner for the
Ontario Medical Association. He holds a master's degree in political
science from the University of Western Ontario, and a master's degree
in business administration from York University (Toronto), with a
concentration in finance and marketing.
Edward Levin
Mr. Levin assumed his previous role on joining ACE in 2004,
overseeing ACE's European A&H and Personal Lines operations, and
serving as a director of ACE European Group, Ltd. In 2007 he also
became Chief Executive Officer of ACE Europe Life Limited, ACE's new
U.K.-based life assurance company. Prior to joining ACE, Mr. Levin
worked in a number of financial organizations in the United States,
Latin America and Europe, including Citibank, Travelers Property &
Casualty, Travelers Life & Annuity, and CitiInsurance. Mr. Levin holds
an artium baccalaureatus in economics from Harvard College and a
master's degree in business administration from Columbia University.
ACE
ACE European Group has established branch offices in 19 countries
across Europe, Freedom of Services permission to provide insurance
services to clients in 30 European countries and affiliates in Egypt,
Bahrain, Pakistan, Russia and South Africa.
Part of the ACE Group of Companies, ACE European Group comprises
the operations of ACE Europe, ACE Global Markets and ACE Tempest Re
Group. ACE Europe provides a range of tailored Property and Casualty,
Accident and Health and Personal Lines solutions for a diverse range
of clients. ACE Global Markets (AGM) is ACE's specialty international
business, underwriting through ACE's Lloyd's Syndicate 2488 and ACE
European Group Limited. Specialty lines include excess and surplus
lines business, Marine, Aviation, Energy and Political Risk as well as
Property, Financial Lines and Accident and Health. Additional
information on ACE European Group can be found at
www.aceeuropeangroup.com.
The ACE Group of Companies is a global leader in insurance and
reinsurance serving a diverse group of clients. Headed by ACE Limited
(NYSE: ACE), a component of the Standard & Poor's 500 stock index, the
ACE Group conducts its business on a worldwide basis with operating
subsidiaries in more than 50 countries. Additional information can be
found at: www.acelimited.com
