ACE UK has appointed Matthew Shaw as president of ACE Global Markets (AGM) and active underwriter for Syndicate 2488.

In addition, subject to Lloyd’s and FSA approval, Mr Shaw is appointed a member of the board for both ACE European Group and ACE Underwriting Agencies. In his new role, he will continue to report to Richard Pryce as president ACE UK.

Mr Pryce said: “Since Matthew Shaw assumed the role of chief underwriting officer for AGM in July 2008, he has made a significant contribution to the development of this business.

I am confident that he, along with the AGM product line heads, will continue to profitably develop the business and maintain its market leading position.”

ACE Global Markets (AGM) is the ACE Group’s specialty international underwriting business, with distribution capabilities offered through both ACE European Group and ACE’s Lloyd’s Syndicate 2488, managed by ACE Underwriting Agencies.

AGM’s product range covers principally E&S business, aviation, financial lines, property, marine, energy and political risks.