The ACE Group of Companies, a provider of insurance and reinsurance services, has appointed Damon Hostetter as senior vice president of ACE Recreational Marine division.
ACE Recreational Marine business is part of ACE Private Risk Services, the North America-based high-net-worth personal lines business of ACE.
Mr Hostetter will be responsible for directing the overall growth and profitability of ACE’s marine marketing and underwriting division. He will report to Robert Courtemanche, who will join ACE on April 7, 2008 as CEO of ACE Private Risk Services.
Mr Hostetter joins ACE from Jack Martin & Associates, a marine insurance agency, where he served as CEO. He is a graduate of the US Naval Academy, in Annapolis, where he received a Bachelor of Science degree.