Paul Forbes Appointed as Vice President and Program Manager for ACE Westchester Specialty Group—Programs Division

Business Wire, Dec 6, 2004

PHILADELPHIA -- ACE Westchester Specialty Group, the U.S.-based wholesale focused property and casualty operation of The ACE Group of Companies, today announced the appointment of Paul Forbes as Vice President and Program Manager of the ACE Administered Programs Unit. Based in Philadelphia, Mr. Forbes will be responsible for developing new programs for ACE Westchester Specialty Group's Program Division.

"I am pleased to welcome Paul to ACE," said Robert Groff, Vice President, ACE Administered Programs for ACE Westchester Specialty Group. "Paul's considerable industry experience and background will be instrumental in growing our product offerings in the program arena."

Mr. Forbes has more than 25 years of insurance industry experience, and has served in a variety of leadership roles in underwriting and program management at Fireman's Fund, Professional Underwriters Co. and CNA. He received his bachelor of science degree in business administration from the University of Delaware. In addition, Mr. Forbes holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Risk Management (ARM) professional designations.

ACE Westchester Specialty Group is the U.S.-based wholesale focused excess and surplus property and casualty operation of the ACE Group of Companies, which is headed by ACE Limited (NYSE:ACE). The ACE Group of Companies provides insurance and reinsurance products and services through operating subsidiaries for a diverse group of clients around the world. Additional information about ACE Westchester Specialty Group can be found at www.ace-ina.com.