ACE Group has made two executive appointments within its high net worth personal lines insurance business, ACE Private Risk Services.

ACE Group has made two executive appointments within its high net worth personal lines insurance business, ACE Private Risk Services.

Clyde Douglas has been named as senior vice president of claims and Eileen Castolene as vice president of operations.

Based in Salem, VA, Douglas will oversee the claims operations related to ACE Private Risk Services’ specialized home, auto, recreational marine, valuable collections, and umbrella liability insurance, which are sold through a national network of independent agents and brokers.

He will report jointly to Mary Boyd, division president of ACE Private Risk Services, and Frank Lattal, senior vice president and chief claims officer of ACE Group.

Douglas joins ACE from a national personal insurance carrier, where he served as chief claims officer.

Also based in Salem, VA, Castolene will lead ACE Private Risk Services’ US agency and billing services center, billing department, and ACE’s NewMarkets Insurance Agency. She will report directly to Boyd.

Castolene joins ACE from a national carrier, where she spent the last nine years in a number of senior operational leadership roles.

ACE Private Risk Services provides coverage for homeowners, automobile, recreational marine, umbrella liability and collections insurance for wealthy individuals and families. 

In a similar move yesterday, Crystal & Company, the risk and insurance advisor, appointed Kathy Hope as a director within its family enterprise risk practice. 

The moves serve as a reminder of how the insurance industry plays a significant role as a channel for producing and/or distributing wealth management solutions to individuals directly or via intermediaries such as private banks and advisors.