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ACE Appoints Rainer Kirchgaessner Global Corporate Development Officer.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- The ACE Group of Companies announced today the appointment of Rainer Kirchgaessner as Global Corporate Development Officer. Mr. Kirchgaessner joins ACE from General Electric, where he was a business development executive in their Commercial Finance division.

In this new position based in New York, Mr. Kirchgaessner will report to Evan Greenberg, President and Chief Executive Officer of ACE Limited, and work with members of ACE's senior management team on the identification and analysis of new business opportunities, potential acquisitions and alliance partners.

"Rainer has impressive corporate finance credentials, particularly as they relate to the insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract.  industry," said Mr. Greenberg. "We welcome Rainer to ACE and look forward to his contributions as we continue to maximize our global business model and expand our capabilities and presence around the world."

Mr. Kirchgaessner has held a number of management positions in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 industry and served as a strategy consultant with McKinsey & Co.'s Financial Institutions Group in Frankfurt. Mr. Kirchgaessner's international experience includes investment banking and private equity assignments with JPMorgan in London and New York, Capital Z Partners in London and Deutsche Bank in New York.

Mr. Kirchgaessner received a bachelor's degree in Economics from Berufsakademie Karlsruhe in Germany and earned an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 with distinction from Henley Management College
  • This article is about the management college. For the similarly named tertiary college see The Henley College
Henley Management College is an English triple accredited business school based at Greenlands, near Henley-on-Thames, Oxfordshire.
 in England.

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE NYSE

See: New York Stock Exchange
: 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.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 13, 2006
Words:276
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