ACE Ltd. plans to divide its operations into two units, each with a president and chief executive, to increase the efficiency of the company.
Current President and Chief Operating Officer Dominic Federico will become president and chief executive officer of the U.S. and Bermuda Group, where he will oversee insurance, reinsurance and financial services operations.
John Charman, chief executive of ACE Global Markets, will become president and CEO of the ACE International Group.
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
DeSantis Signs Citizens Commercial Clearinghouse Bill That’s Been Called ‘Unneeded’ 
