Courtemanche joined ACE in 2008 as division president of ACE Private Risk Services, while Boyd joined in 2010 as senior vice president and chief administrative officer of the division. She was appointed as chief operating officer in January 2012.

As chairman, Courtemanche will focus on long-term strategic issues and external relationships for ACE Private Risk Services. Meanwhile, Boyd will manage the day-to-day running of ACE Private Risk Services’ operations, including developing and executing near and long-term strategic plans.

ACE Private Risk Services is part of New York-listed ACE Group.