PHILADELPHIA--(BUSINESS WIRE)--
ACE Group today announced that Jim Fults has been named Senior Vice
President and Head of Product Management and Analytics at ACE Private
Risk Services, its high net worth personal insurance business. In this
role, he will be responsible for the profitable growth of all lines of
insurance offered by ACE Private Risk Services. He will report to James
Williamson, Division President of ACE Private Risk Services.
Mr. Fults joined ACE as Vice President, Product Management, for the auto
and umbrella insurance lines of business, coming from Fireman’s Fund’s
personal insurance business, which ACE acquired on April 1, 2015. The
acquisition made ACE Private Risk Services the second largest insurer in
the high net worth market.
“Jim’s expertise and leadership skills make him ideal for this critical
position in our organization,” said Mr. Williamson. “He has a strong
track record of delivering product differentiation and profitability.
Moreover, his experience with underwriting strategy and product
development, as well as product management, will ensure that all three
functions integrate seamlessly for a cohesive overall approach.”
Mr. Fults has nearly 20 years of personal insurance product management
experience, focusing on the unique needs of financially successful
individuals and families. He holds a Bachelor of Science degree in
Criminal Justice Science from Illinois State University in Normal, IL.
ACE Private Risk Services’ preeminent product for financially successful
individuals and families is the ACE Platinum Portfolio®. The ACE
Platinum Portfolio allows independent agents and brokers to tailor
specialized home, auto, watercraft, valuable collections and umbrella
liability coverage for their high net worth clients within one package
policy, and often with one bill. ACE Private Risk Services also recently
expanded its product reach to seven European countries and Canada to
protect and serve the growing number of families with homes and other
assets both in the U.S. and abroad.
About ACE Private Risk Services
ACE Private Risk Services is ACE Group’s high net worth personal
insurance business, which provides specialty coverage for homeowners,
automobile, recreational marine, umbrella liability and collections
insurance for financially successful individuals and families. Policies
are issued by Bankers Standard Insurance Co., ACE Insurance Co. of the
Midwest, and Atlantic Employers Insurance Co. Additional information can
be found at: www.aceprs.com.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance, and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at www.acegroup.com,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150714006312/en/
Source: ACE Group