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."

ACE also said that Robert Hernandez will remain as lead director of a board comprised primarily of independent directors.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.