Ace Ltd. announced Monday that Andrew Kendrick, the president and CEO of Ace Bermuda, has been named the chairman and chief executive officer of Ace European Group and that Keith White, the chief administrative officer of Ace Ltd., has been appointed the executive officer of Bermuda Cos.
Reporting to Gary Schmalzriedt, the chairman and CEO of Ace Overseas General, Mr. Kendrick is to be responsible for all its insurance operations in Europe. Headquartered in London, Ace European Group underwrites insurance business in 27 European countries and underwrites reinsurance in most countries worldwide.
Mr. White is to assume executive officer responsibilities for Ace's Bermuda-based operations, which include Ace Bermuda, the Ace Group's low-frequency, high-severity provider of excess liability, professional lines, and property insurance; Ace Tempest Re, the company's Bermuda-based reinsurance company; and Ace Financial Solutions International, a supplier of nontraditional insurance, reinsurance, and retrocessional solutions for international companies. He also is to maintain administrative oversight of Ace Ltd. operations based in Bermuda.
