ACE yesterday unveiled a new line-up of executives in some of its overseas financial sectors.

The appointments were revealed by president and chief operating officer Evan Greenberg. Two take effect immediately:

Pierre Samson, president, ACE Global Financial Solutions; and

Richard Pryce, president, ACE Global Markets, director of ACE INA UK Limited and ACE Underwriting Agencies Limited;

The two others take effect on January 1, 2004:

Mark Herman, president, ACE Global Professional Lines; and

Andrew Kendrick, president and chief executive officer, ACE Bermuda, subject to immigration approval.

Mr. Herman's post is with the new ACE Global Professional Lines. Currently he is president and chief executive officer of ACE Bermuda. He will be based in the US and Bermuda and will report to the chairman of ACE INA Holdings, Dominic Frederico and president and CEO of ACE Overseas General, Gary Schmalzriedt.

Mr. Herman joined ACE from Chubb in May 1995. After four years as head of ACE Bermuda's Professional Lines Division, he assumed responsibility for the Excess Liability Division. He was appointed president and CEO, ACE Bermuda, in February 2001.

"As head of ACE Global Professional Lines, Mark will have executive responsibility for our strategies and profit and loss of worldwide professional lines business," said Mr. Greenberg. "Additionally, the underwriting managers of the various ACE professional lines businesses will now have a direct reporting line to Mark."

ACE Global Financial Solutions is also a new division. Mr. Samson will oversee all aspects of the ACE Group's US and international financial solutions business. He will continue to report to Mr. Frederico. Mr. Greenberg said the new unit would enable the group to maximise ACE's global assets to the benefit of customers and producers.

"At the same time, we will be able to foster greater coordination and collaboration across the ACE Group."

Mr. Samson joined ACE in March 1995 as Finite Risk Underwriter and Actuary in the Financial Lines Division of ACE Bermuda. In 1997 he was promoted to the position of senior vice president, Financial Lines and in June 2000 was asked to head ACE FSI. Mr. Kendrick is currently president of ACE Global Markets and a director of ACE INA UK Limited and ACE Underwriting Services Limited. In his new post he will report to Mr. Frederico.

Said Mr. Greenberg: "Andy has over 25 years' experience in the Lloyd's market, beginning his career in 1978 at Sturge Syndicate 210. " Mr. Pryce is currently director, Financial Lines, ACE Global Markets and senior vice president, Financial Lines, ACE Overseas General. He has 20 years' experience in the London Market, joining Sturge & Co. in 1981. Since joining ACE, he has undertaken a number of claims and underwriting management roles with Ockham, ACE London Services and ACE Global Markets.