HAMILTON, Bermuda, April 20, 2006 – ACE Bermuda Insurance Ltd. (ACE Bermuda), today announced the promotion of Patrick Tannock to Executive Vice President. Mr. Tannock is responsible for the management of ACE Bermuda’s professional lines business. He also serves as Chief Underwriting Officer and Director of ACE Bermuda’s specialist directors and officers insurance subsidiary, Corporate Officers & Directors Assurance Ltd. (CODA).
Rees Fletcher, President and Chief Executive Officer of ACE Bermuda said, “Patrick has been instrumental in the growth and profitability of ACE Bermuda’s professional liability business. He has a proven record of product innovation and continues to address client and industry needs. I am delighted to announce his well-earned promotion.”
Mr. Tannock has over 20 years' experience in the international insurance industry. He joined ACE in 1993 from Marsh & McLennan (Bermuda) Ltd, where he held the position of Vice President and Manager of the company's professional liability division. He previously served as a reinsurance broker with Risk Treatment Services and INA International, where he began his insurance career.
Mr. Tannock holds a Bachelor of Science degree cum laude in business administration with a major in insurance and finance from the University of Hartford and a certificate of participation in the Executive Management Program from the Graduate School of Business at Stanford University. He is a regular participant and speaker at professional and educational conferences and currently serves as co-chairman of the Bermuda PLUS Conference.
ACE Bermuda is a Bermuda-based subsidiary of ACE Limited and offers insurance products and services through Bermuda and non-US based intermediaries.
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at www.acelimited.com.