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News - Ace brands to remain distinct despite merger

Ace European Group has combined its Global Markets and European divisions under the banner of Ace UK...

Ace European Group has combined its Global Markets and European divisions under the banner of Ace UK.

The reorganisation has meant that Richard Pryce, currently president of Ace Global Markets, Ace's international and specialty business, will assume additional responsibility for Ace's UK Property and Casualty business (Ace Europe).

Ace insisted that despite the reorganisation, the brands will remain distinct, and both will maintain their underwriting management.

In addition, Michael Furgueson, who has until now led the UK & Ireland P&C operation, will be returning to the US as executive vice-president for Ace's international, commercial and multi-national lines of business.

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