Courtemanche Named CEO of ACE Private Risk Services

Robert Courtemanche has been named chief executive officer of ACE Private Risk Services.

Courtemanche, based in Madison, N.J., will direct the overall growth and profitability of ACE’s personal insurance lines, including ACE Recreational Marine and Private Risk Services, which provides specialty coverage for affluent individuals and families.

In addition to his North American responsibilities, Courtemanche will partner with the ACE Overseas General leadership team in leading ACE’s expansion into the high-net-worth businesses across the globe.

Courtemanche has more than 20 years of personal lines insurance industry experience, with a special focus on leading businesses that insure the assets of affluent clients.

He joins ACE from Fireman’s Fund, where he served as president of its Personal Insurance business. He previously served as senior vice president of American International Group’s Private Client group, where he helped establish that business segment.

He also has held several key management positions at a nationwide brokerage firm and at Chubb & Son Inc.

Source: The ACE Group of Cos.