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Ace appoints Greenberg as Chairman

Ace Insurance CEO Evan G Greenberg has been elected Chairman of the company’s board of directors.

Mr Greenberg – son of the legendary Maurice and brother of former Marsh & McLennan CEO Jeffrey, will take up the new position in two months, succeeding Brian Duperreault.

Mr Duperreault says Mr Greenberg proved his leadership through the performance of the company in a period marked by natural catastrophes and widespread industry investigations. He joined Ace in 2000 after leaving AIG, ostensibly after an argument with his father.