NU Online News Service, May 20, 3:10 p.m. EDT--ACE Limited announced today that Don Kramer is retiring from his executive post with the company..

Mr. Kramer, an executive in the office of the president and chief executive officer, joined the company as vice chairman following the Bermuda-based ACE's acquisition of Tempest Reinsurance Ltd. He founded that company and served as chairman and CEO.

Evan Greenberg, ACE chief executive officer, said that Mr. Kramer "served as an effective ambassador for ACE and trusted advisor and confidante to me."

Prior to his role with Tempest Re, Mr. Kramer was president of his own firm, Kramer Capital Corporation, and before that he was chairman of the board and founder of NAC Re Corporation.

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