Ace has announced the creation of a new business unit, ACE Risk Management International, in a move to address the risk-financing needs of major corporations.
Ace Risk Management International will support ACE offices around the globe with implementing captive programs and other risk-financing alternatives.
Roger Gillett will assume the title of President of the new unit.
Ace Overseas chairman and chief executive officer Gary Schmalzriedt said: "ACE's commitment to long-term partnerships with our clients, our global network and our team approach ideally positions ACE Risk Management International to fill the current risk-financing needs in the marketplace.
"Under the skilled direction of Roger Gillett, the unit will further enhance our leadership position in the global marketplace and enable us to provide superior customized solutions to non-U.S. corporations."
