ACE Announces Future Leadership Team for Overseas General Insurance Personal Lines
Appointments to become effective upon completion of ACE’s acquisition of Chubb
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The new Chubb Group’s international personal lines division will provide a broad range of traditional and specialty insurance products to targeted customer segments in emerging and developed markets around the world: auto, residential and other insurance; property and casualty products for high net worth individuals and families with fine homes, automobiles, art, jewelry, watercraft and other valuable possessions; and specialty coverage such as mobile phone handset insurance.
As previously announced,
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John Thompson will serve as Chief Underwriting Officer and Senior Vice President, Personal Lines.Mr. Thompson will lead Mass Motor and Mass Residential Products. Currently,Mr. Thompson is Chief Underwriting Officer,Personal and Business Insurance , and Senior Vice President, Motor and Residential Products, for ACE Overseas General. - Chris Eappariello will serve as Chief Marketing Officer and Senior Vice President, Personal Lines. Mr. Eappariello will lead Specialty Personal Lines. Currently, Mr. Eappariello is Chief Marketing Officer,
Personal and Business Insurance , and Senior Vice President, Specialty Personal Lines, for ACE Overseas General. -
Simon Mobey will serve as Senior Vice President, Personal Lines, and will lead High Net Worth. Currently,Mr. Mobey is Senior Vice President and Personal Lines Manager,Europe , for Chubb. -
Raul Cisneros will serve as Vice President, Personal Lines, and Chief Actuary. Currently,Mr. Cisneros is Vice President,Personal and Business Insurance , and Chief Actuary, for ACE Overseas General.
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Justin Boyson will serve as Vice President, Personal Lines, and Head of Operations and Strategy. Currently,Mr. Boyson is Vice President,Personal and Business Insurance , and Vice President,Small and Medium Sized Enterprises , for ACE Overseas General. - As previously announced,
Gary Willoughby will serve as Vice President, Personal Lines Claims. Currently,Mr. Willoughby is Vice President, Claims,Personal and Business Insurance , for ACE Overseas General. -
David Byrne will serve as Vice President, Personal Lines, and Division Finance Officer. Currently,Mr. Byrne is Vice President,Personal and Business Insurance , and Division Finance Officer, for ACE Overseas General.
As previously announced,
“I am pleased to announce this team of professionals who will lead Chubb’s international personal lines organization,” said
“By bringing together the best of ACE and Chubb, we will have a broader and deeper capability to serve consumers in both developed and emerging markets,” 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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