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Bermuda-based ACE Ltd. said yesterday that Chief Executive Officer Evan G. Greenberg will succeed Brian Duperreault as company chairman when Mr. Duperreault’s term ends in May.

Mr. Duperreault, who will remain on the company board, said he was “proud to pass the reins” to Mr. Greenberg, whom he said had “proven his leadership through the performance of our company in aperiod marked by natural catastrophes and widespread industry investigations.”

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