The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
ACE USA, the U.S.-based retail operations of the ACE Group, announced the appointment of Andrea T. Pearson as Senior Vice President and Regional Executive Officer for ACE USA's Western Region.
According to a release, based in Los Angeles, Pearson will be responsible for setting and driving the overall strategic direction for the region, which comprises Southern California, Arizona, Nevada, Hawaii and Colorado. She will work collaboratively with ACE USA's regional team to oversee business development, retention and underwriting activities, establish distribution strategies, and coordinate service delivery throughout the region. Pearson will report to Ed Zaccaria, Division President, ACE USA Regional Operations.
"Andrea has an excellent track record of collaborating with our clients, brokers and ACE colleagues to deliver customized, client- focused service and solutions. As our Regional Executive, she will bring her energy, optimism and passion for creating client value and delivering results to a wider range of our clients and brokers in the Western Region," said Zaccaria.
"ACE USA's regional management structure is the foundation of our business, enabling us to adapt to the needs of the local marketplace," said Chris Maleno, Chief Operating Officer, ACE USA. "Andrea's knowledge of ACE and her experience in the brokerage and corporate risk management fields provide a unique perspective that will help us bring ACE's global resources together to benefit our clients and brokers."
Pearson joined ACE in 2010 and has more than 25 years of risk management, insurance brokerage and insurance operations experience and leadership. She most recently served as an ACE Global Client Executive, where she worked closely with a select group of ACE's global clients to identify their needs and coordinate with ACE's global network to deliver tailored solutions. Prior to joining ACE, she served as Managing Director of Aon's Account Executive Practice in Los Angeles. She also spent 15 years with General Electric (GE) in a variety of leadership roles, including serving as GE's Global Risk Manager, leading GE Employers' Reinsurance Corp.'s Global Claims organization, and serving as the National Commercial Leader for GE Commercial Finance Fleet Services. She began her career with Sedgwick in San Francisco.
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