ACE Appoints Jim Fults as Senior Vice President, Product Management & Analytics, for Its High Net Worth Personal Insurance Bu...
July 14 2015 - 12:00PM
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.
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ACE GroupCarla Ferrara,
215-640-4744carla.ferrara@acegroup.com
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