News Releases

NEW YORK--July 29, 2013--(BUSINESS WIRE)--The ACE Group has announced the appointment of Eric Larson as Chief Compliance Officer, effective today. In this role, Mr. Larson will have direct oversight of ACE’s compliance staff in all regions and will have responsibility for implementing the company’s worldwide compliance strategy. He will work directly with senior management, division presidents and regional management, as well as the Chairman and CEO, providing counsel on a wide range of compliance-related matters. Based in New York, Mr. Larson will report to Joseph Wayland, General Counsel, ACE Limited.

Mr. Larson succeeds Ashley Mullins, who has been named Global Compliance Counsel. In this new role, Mr. Mullins will be responsible for the coordination of global, regional and local compliance policies and standards, providing guidance to compliance counsel in all regions as well as providing counsel in connection with significant compliance-related internal investigations and government examinations. He will continue to be based in New York and report to Mr. Wayland.

“I am delighted to welcome such a talented compliance executive as Eric to ACE,” said Mr. Wayland. “His extensive experience in senior legal and compliance roles in which he established and enhanced global compliance functions for leading companies in the insurance, brokerage and banking sectors will be critical in helping us achieve our growth strategies around the world. At the same time, I would like to thank Ashley for his leadership and development of the global compliance function over the past two years and look forward to his continued contributions to our global compliance strategy in his new role.”

With more than 30 years of legal experience in the financial industry, Mr. Larson most recently served as Chief Compliance Officer for HSBC’s North American businesses after holding senior legal and compliance leadership roles with Standard Chartered Bank and Willis Group. Previously, Mr. Larson had a 21-year career with Citigroup and predecessor companies, where he advanced through a series of legal and compliance roles of increasing responsibility. He earned a B.A. degree from the University of Connecticut and a J.D. degree from California Western School of Law.

Mr. Mullins has served as ACE’s Global Compliance Officer since 2011. He joined ACE in 2002 as Legal Counsel to ACE’s Asia Pacific region. In 2006 he was appointed Company Secretary and General Counsel of ACE’s Australia and New Zealand operations.

The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 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 the 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.

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