Don Kramer Retires From ACE Limited.HAMILTON, Bermuda -- ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE) announced today the retirement of Don Kramer Don Kramer is a Korean-born American comics artist. He has worked for both Marvel and DC, as well as independent projects. Titles at DC include a Doctor Fate miniseries and the JSA ongoing. He is currently the penciller on Detective Comics, replacing the previously announced J. H. , Executive, Office of the President & Chief Executive Officer. Mr. Kramer, 67, has held his current position since May 2004 following his retirement from the ACE Limited Board of Directors. He joined the company in 1996 as Vice Chairman following ACE's acquisition of Tempest 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. Ltd. (ACE Tempest Re), a company Mr. Kramer founded and for which he served as Chairman & Chief Executive Officer. "In his latest role, Don has served as an effective ambassador for ACE, and a trusted advisor and confidante con·fi·dante n. 1. A woman to whom secrets or private matters are disclosed. 2. A woman character in a drama or fiction, such as a trusted friend or servant, who serves as a device for revealing the inner thoughts or intentions to me. During his tenure, Don played a prominent role in the growth of our organization, which is now one of the world's largest and most successful property and casualty insurance companies," said Evan Greenberg, President & Chief Executive Officer of ACE Limited. "On behalf of our Board of Directors and all my colleagues at ACE, I want to thank Don for his outstanding contribution to ACE. We are very pleased that Don has graciously agreed to continue serving our company in an advisory capacity. He is an asset to our organization, and we look forward to his continued counsel." Prior to his role with Tempest Re, Mr. Kramer was president of his own firm, Kramer Capital Corporation, and before that he was Chairman of the Board and founder of NAC See network access control. Re Corporation. Mr. Kramer also served as Chairman and Director of Assured Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Ltd. until May 2005, a company spun off from ACE Limited in 2004. Mr. Kramer serves as Chairman of the National Dance Foundation of Bermuda, a position he has held since September 2003. The ACE Group of Companies is a global leader in insurance and reinsurance 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 more than 50 countries. Additional information can be found at: http://www.acelimited.com |
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