Ace Ltd. Forms New Risk Mgt. International Business Unit

ACE Limited announced the creation of a new business unit, ACE Risk Management International, in a move to address the developing risk-financing needs of major corporations.

Roger Gillett will assume the title of president of the new unit. ACE Risk Management International will have dedicated resources in Bermuda, Germany and the United Kingdom, and will support ACE offices around the globe with structuring and implementing captive and rent-a-captive programs and other sophisticated risk-financing alternatives for major non-U.S. corporate clients.

Gillett has 34 years of experience in the insurance industry, with 26 of those years involving work in alternative risk transfer.

Most recently he held the position of executive vice president, Business Development at ACE Bermuda. Gillett will continue to be based in Bermuda.