Leo Mullin has been elected to Ace Ltd.'s board of directors with immediate effect.

Mr. Mullin was separately and concurrently chairman, president and CEO at Delta Air Lines between 1997 and 2004.

From 1995 to 1997 he held the position of vice-chairman of Unicom Corporation. Previously, Mr. Mullin served as president and Chief Operating Officer of First National Bank of Chicago and he has held senior positions with Consolidated Rail Corporation and McKinsey & Company.

Since 2004, Mr. Mullin has served on a part-time basis as a senior advisor to Goldman Sachs Capital Partners as well as currently serving as a director of Johnson & Johnson.

Evan Greenberg, chairman and chief executive officer of Ace, said: "We are honoured to welcome Leo Mullin to the board of directors of ACE. Leo has a broad and impressive record of accomplishment in the banking, transportation and energy industries. I'm confident given his deep knowledge and experience that Leo will make a significant contribution toward the governance of Ace."