10 July 2014 Insurance

ACE extends surety business

ACE Group has appointed Björn Eding as surety underwriting manager in the Benelux region.

As part of its ongoing surety expansion plans in Continental Europe, the company has launched a suite of surety products for clients based in the Netherlands, Belgium and Luxembourg.

Eding, who will be based in Rotterdam, will be responsible for the growth and development of ACE’s surety capabilities in Benelux.

He has over 17 years of experience in the surety, real estate and banking industries and joins ACE from Nationale Borg, the largest independent surety company in the Netherlands, where he was principal relationship manager and head of International Clients.

Ron Verhulsdonck, country president for ACE in Benelux, said:“The addition of surety to our portfolio underlines our commitment to providing a broad proposition for our most significant clients. Björn is one of the most experienced surety professionals in the Netherlands and the wider Benelux region. His great knowledge of the market will help us provide superior cover to the increasing number of companies in Benelux that are seeking alternative credit lines.”

Luc Reuter, senior vice president and head of Surety for ACE in Europe, said: “The expansion of our surety offering in Europe has been welcomed by both brokers and reinsurance partners. The launch of our surety proposition in the Benelux is the next natural step in our strategy since 2012, and addresses the rising needs of successful companies exporting abroad. ACE’s AA rating, global presence and great underwriting expertise give us a strong platform to grow our offering.”

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