Brian Duperreault Steps Down From ACE Limited Board; Company Thanks and Wishes Him Well as New CEO of Marsh & McLennan.HAMILTON Hamilton, city, Bermuda Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda -- ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE) announced today that Brian Duperreault, former chairman and chief executive officer, has stepped down from the ACE Limited Board of Directors as a result of his appointment as chief executive officer of Marsh & McLennan Companies, Inc. "We wish Brian all the best on his new assignment leading the Marsh & McLennan organization," said Evan G. Greenberg Evan Greenberg is President and CEO of ACE Limited.
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 of Companies 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 more than 50 countries. Additional information can be found at: www.acelimited.com. |
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