ACE Appoints Robert Rebellato Senior Vice President.HAMILTON, Bermuda -- ACE Bermuda Insurance Ltd. (ACE Bermuda), today announced the appointment of Robert Rebellato to the position of Senior Vice President in its property division. Mr. Rebellato will assume responsibility for the management of ACE Bermuda's global property and first party specialty lines business and will report to Rees Fletcher, President & Chief Executive Officer of ACE Bermuda. Mr. Rebellato's appointment is subject to the approval of the Bermuda Department of Labour and Immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. . Mr. Rebellato succeeds Chris Fisher, who was recently appointed to the position of Executive Vice President, ACE Energy within ACE USA. "Robert brings a wealth of underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. and management experience to his new position," said Rees Fletcher. "I look forward to working with him as he leads the continued development of our property underwriting team." Mr. Rebellato has over 20 years of international property underwriting experience and has held positions in Toronto, London, Dublin, Zurich and Bermuda. He holds a Bachelor of Civil Engineering degree from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. and is an Associate of the Insurance Institute of Canada. He joined ACE in 2002 from XL Capital. He previously worked for FM Global and the Industrial Risk Insurers. ACE Bermuda is a Bermuda-based subsidiary of ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE). ACE Bermuda offers insurance products and services through Bermuda and non-US based intermediaries. The ACE Group of Companies is a global leader in 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. serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor's 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. in approximately 50 countries. Additional information can be found at: http://www.acelimited.com. |
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