ACE Launches Future Leadership Team for Company's North American Insurance Operations

ACE Limited reported the leadership team it intends to appoint for the company's North American insurance operations.

The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of next year.

In a release, the company noted that the appointments are aligned with an organizational structure centered on specific commercial and personal property and casualty (P&C) customer segments - large corporate clients; middle market and small commercial clients; and affluent and high net worth (HNW) personal lines clients. The organizational structure is also designed to maximize the strengths of the company's extensive branch and field organization and expanded agency and brokerage distribution relationships.

ACE said that John Lupica will serve as Vice Chairman of the parent company and Co-President of the North America Insurance division. Currently Vice Chairman of ACE Group and Chairman of the company's Insurance -- North American businesses, Lupica will have executive operating responsibility for the retail commercial P&C insurance businesses that serve the large corporate market in the U.S. and Canada, the excess and surplus lines (E&S) market in the U.S. and Bermuda, and the agriculture insurance market in the United States. Reporting to Lupica will be the company's business that provides P&C insurance coverage to large domestic and multinational corporations through retail brokers and agents (currently known as ACE USA and the large corporate business of Chubb); the company's U.S.-based E&S and specialty products business (currently known as ACE Westchester and Chubb Custom); the company's insurance operations in the Bermuda wholesale market (currently known as ACE Bermuda and Chubb Atlantic); and the company's agriculture insurance business. Lupica's scope of responsibility will include all P&C products, underwriting, claims, actuarial and support functions related to these businesses. Lupica will also have executive responsibility for the company's branch operations and field organization in North America that serves the agents and brokers of Chubb and ACE, and he will have responsibility for North America's information technology group. Lupica will report to John Keogh, who is currently Vice Chairman and Chief Operating Officer of ACE Group and who will continue to serve in that role for the parent company.

The company noted that Dino Robusto will serve as Executive Vice President of the parent company and Co-President of the North America Insurance division. Currently President of Commercial and Specialty Lines for Chubb, Robusto will have executive operating responsibility for the retail commercial P&C insurance businesses serving the middle market and small commercial customer segments for all products in the United States and Canada through a broad distribution system that includes independent agents and brokers. In addition, the company's personal lines insurance business serving affluent and HNW individuals and families in North America (currently known as ACE Private Risk Services and Chubb Personal Insurance) will report to Robusto. Robusto's scope of responsibility will include all P&C products, underwriting, claims, actuarial and support functions related to these businesses, as well as a matrixed responsibility for the field organization personnel responsible for the sales and servicing of the middle market, small commercial and HNW personal lines markets. Robusto will also have executive responsibility for the company's North American claims organization serving both commercial and personal P&C customers. Robusto will report to Keogh and will join the parent company's Executive Committee.

ACE reported that Harold Morrison, Jr. will serve as Senior Vice President of the parent company and Executive Vice President and Chief Field Officer for the North America Insurance division. Currently Chief Global Field Officer and Chief Administrative Officer for Chubb, Morrison will be responsible for the branch and field organization, which will be a tremendous asset and competitive advantage of the company and includes more than 50 offices in the U.S. and Canada. Working closely with Lupica and Robusto, Morrison will ensure the field organization is aligned with the company's North American growth strategies and he will be responsible for servicing and managing the business and company relationships with the company's agent and broker distribution partners in North America. Morrison will report to Lupica.

"I am delighted to announce the future North America leadership team for our company," said Evan G. Greenberg, Chairman and Chief Executive Officer, ACE Group. "John, Dino and Harold are highly talented, experienced leaders with long track records of success building and managing insurance businesses. We are fortunate to have executives with this kind of leadership skill and industry experience to lead our commercial and personal P&C operations in North America. In John and Dino, the two most senior North American operating executives, I have every confidence in their ability and passion to drive business results, achieve our collective vision and fulfill the tremendous potential that our two companies together represent. In his continued role as Vice Chairman of the parent company, John has been and will continue to be a great partner to both John Keogh and me. He will also be a great partner in helping our Chubb colleagues navigate and understand the ACE culture and organization. John Keogh and I welcome Dino and Harold to the future senior management team. We look forward to working with them."

ACE Group is a multiline property and casualty insurer.

More information:

www.acegroup.com

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