Commercial insurance company The ACE Group has named Paul Vermeulen SVP for international accident and health direct marketing, a newly created position. ACE announced the hire on April 8.
Reporting to Edward Levin, EVP for international accident and health, Vermeulen will be responsible for tapping into underdeveloped markets abroad, according to a company statement. ACE Group has offices in 50 countries and 16,000 employees.
Vermeulen was previously SVP for foreign general insurance operations at AIG.
In 2008, the company nearly doubled its accident and health operation by purchasing Combined Insurance Company of America for $2.56 billion in cash.
Vermeulen could not be reached for comment by press time.
