News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE Group today announced that its Privacy and Network Security Group received top honors at the 2015 Advisen Cyber Risk Awards. Now in its second year, the Advisen Cyber Risk Awards are “People’s Choice” awards, with winners determined by the largest number of votes received from members of the Property & Casualty insurance community.

ACE’s Toby Merrill, Senior Vice President, Global Cyber Practice Leader, was named Cyber Risk Industry Person of the Year for the U.S., while Marcel Van Peenen, Regional Professional Indemnity Manager, Financial Lines, Asia, secured the award in the international category. This award demonstrates the entire cyber community’s gratitude to key players who, through dedication, foresight and leadership, have enhanced and developed the treatment of cyber risk over the course of the past year.

ACE also received the Cyber Risk Innovation of the Year award for Loss Mitigation Services. This award recognizes a specific innovation that has made an outstanding contribution to improving the way that cyber risk is managed in the past year. Noted as “the first of its kind in the industry” during the nomination process, Loss Mitigation Services helps insureds mitigate against breaches before an event happens through a unique, multi-tier approach that focuses on training, preparation, and assessment, with multiple options designed to fit with all varieties of policyholders.

“We are honored and thankful for this recognition. Knowing that the winners are selected by our peers in the community makes this especially meaningful,” said Scott Meyer, Division President, North America Professional Lines, ACE Group. “We’re especially proud of the recognition of Toby and Marcel. As head of the Global Cyber Practice, Toby has been a visionary, both within ACE and the industry, helping to shape cyber risk offerings to meet the ever-changing needs in the market. Marcel represents ACE’s ongoing growth in this market, as we expand our offerings on a global scale.”

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 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.