Veteran Ace Ltd. executive Keith White is to retire at the end of the year after 17 years with the company, the Bermuda insurer announced yesterday.

Mr. White, who has been chief administrative officer of Ace since 2004, joined the company from BF&M in 1990 held a number of senior administrative positions including head of human resources.

He will be succeeded by Lori Samson, who is currently executive services director.

Ms Samson?s new responsibilities include oversight for Ace?s philanthropic and corporate giving, sponsorship, budgeting, facilities management, business continuity planning, the human resources function in Bermuda and administrative oversight for Ace Limited. Ms Samson, who joined ACE in 1990, will assume her new responsibilities October 1 and retain her current responsibilities for executive and board compensation matters.

Evan Greenberg, Ace chief executive officer, said: ?I want to congratulate Lori on her new assignment. She has a proven track record of getting things done and is a disciplined, creative and mature executive. Lori?s professional accomplishments and ACE experience in administrative and financial matters demonstrate her readiness to assume these significant new responsibilities. I have every confidence in her future success.

?On behalf of my colleagues and our Board of Directors, I also want to extend our sincere appreciation to Keith for his exemplary service to ACE and the Bermuda community. Keith has had an impressive insurance career, spanning more than 47 years, and his contributions to ACE have helped transform the company from a niche Bermuda-based entity to a diversified global leader in insurance and reinsurance.

?We wish Keith well on his retirement, where he will remain active in his philanthropic and community-service related activities in Bermuda.?