ACE Announces Future Leadership Team for Global Surety
Appointments to become effective upon completion of ACE’s acquisition of Chubb
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As previously announced,
As previously announced,
Messrs. Ciullo and Lubin and Ms. Black will report to
Underwriting Leadership
Global Surety underwriting will be organized by client size, scope and territory. The three business segments are Engineering & Construction, Construction Surety, and Commercial Surety.
Engineering & Construction Leadership
Latin America Leadership
Dekker Buckley will be responsible for the oversight and monitoring of surety underwriting throughout
U.S. Construction Leadership
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Kevin Waldron will be responsible for theConstruction Group andSmall Construction , supporting surety branch underwriting activities inSan Francisco ,Los Angeles ,Kansas City ,Cincinnati ,Chicago andMinneapolis .Mr. Waldron is presently Vice President and Surety Construction Director for Chubb.Mr. Waldron will report toMr. Lubin . -
Donna Powers will be responsible for theConstruction Group supporting surety branch underwriting activities inNew York ,Philadelphia ,Atlanta ,Houston andWarren, NJ .Ms. Powers is currently Vice President and Surety Construction Director for Chubb.Ms. Powers will report toMr. Lubin .
Commercial Surety Leadership
The Commercial Surety segment will serve clients of all sizes that operate domestically and globally.
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Joseph Gaskill will be responsible for theCommercial Group , supporting surety branch underwriting activities inSan Francisco ,Los Angeles ,Chicago andHouston .Mr. Gaskill is currently Senior Vice President, Commercial Surety for ACE.Mr. Gaskill will report to Ms. Black. -
Craig Gortner will be responsible for theCommercial Group , supporting surety branch underwriting activities inNew York ,Philadelphia ,Boston andAtlanta .Mr. Gortner is currently Senior Vice President, Commercial Surety for ACE.Mr. Gortner will report toMs. Black .
Operating Leadership
“This is a truly high-performing team that represents the best surety talent in the market,” said
“Global Surety is poised for ongoing growth and success, with Steve leading a strong team of professionals who combine industry expertise with geographical coverage,” said
About
Cautionary Statement Regarding Forward-Looking Statements
All forward-looking statements made in this communication, related to the acquisition of Chubb, potential post-acquisition performance or otherwise, reflect ACE’s current views with respect to future events, business transactions and business performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “may,” “will,” “should,” ”expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “continue,” “could,” “future,” “project” or other words of similar meaning. All forward-looking statements involve risks and uncertainties, which may cause actual results to differ, possibly materially, from those contained in the forward-looking statements.
Forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction involving ACE and Chubb, including future financial results; ACE’s and Chubb’s plans, objectives, expectations and intentions; the expected timing of completion of the transaction and other statements that are not historical facts. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, without limitation, the following: the inability to complete the transaction in a timely manner; the failure to satisfy other conditions to completion of the transaction, including receipt of required regulatory approvals; the failure of the proposed transaction to close for any other reason; the possibility that any of the anticipated benefits of the proposed transaction will not be realized; the risk that integration of Chubb’s operations with those of ACE will be materially delayed or will be more costly or difficult than expected; the challenges of integrating and retaining key employees; the effect of the announcement of the transaction on ACE’s, Chubb’s or the combined company’s respective business relationships, operating results and business generally; the possibility that the anticipated synergies and cost savings of the merger will not be realized, or will not be realized within the expected time period; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; general competitive, economic, political and market conditions and fluctuations; and actions taken or conditions imposed by
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