ACE promotes vice chair

Re/insurer ACE has appointed John Keogh as executive vice chairman of the company.

He previously served as vice chairman and chief operating officer (COO). Keogh will continue to serve as COO with responsibility for all property and casualty (P&C) insurance operations of the company globally.

The appointment is effective immediately and will continue upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.

“It is with great pleasure that I announce the appointment of John Keogh to executive vice chairman of ACE,” said Evan Greenberg, chairman and chief executive officer of ACE.

“John has made substantial contributions to the success of our company and this great recognition is well deserved. As our number two executive and my longtime trusted colleague, John is an exceptional insurance executive with tremendous leadership and global industry experience.

“As we look to the future of the company following our acquisition of Chubb, John will play a significant role in executing our ambitious growth strategies and realising our full potential as the world’s largest publicly traded P&C company.”