ACE Declares Dividend, Names Greenberg

By Caroline McDonald

NU Online News Service, Aug. 9, 10:05 a.m. EST?The board of directors of ACE Limited yesterday declared a quarterly dividend of 17 cents per ordinary share, payable on Oct. 11, 2002, to shareholders of record at the close of business on Sept. 27.

ACE Limited also announced that Evan Greenberg has been appointed to the board of directors, effective immediately.

Mr. Greenberg joined Hamilton, Bermuda-based ACE as vice chairman of ACE Limited and CEO of ACE Tempest Re in November 2001, according to the company. In February 2002, he also assumed responsibility for all of ACE's international insurance operations.

ACE Asset Management Inc., a subsidiary of ACE Limited, announced that Donald Watson has joined the company as vice president, enterprise risk management.

Mr. Watson, the company said, will be based in New York, and his principal focus will be identifying and coordinating risk management across asset, liability and operational lines.

Mr. Watson spent 12 years at Standard & Poor's in New York, most recently as managing director in the North American Insurance Practice.

Special Reports /

ACE Declares Dividend, Names Greenberg

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