ACE Names Business Units Leadership Teams

September 10, 2015

ACE Limited announced  the leadership teams it intends to appoint for the company’s North American business units, including National Accounts, Middle Market, Small Commercial, Personal Lines, Wholesale/Excess & Surplus Lines, Bermuda and Agriculture.

The company also announced the leadership teams that will have responsibility for all North American business of several major product lines, including Professional Lines, Surety and Property. All of the appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.

National Accounts, Middle Market and Small Commercial Insurance Leadership

Christopher A. Maleno will serve as Senior Vice President of the new Chubb Group and Division President, North America National Accounts. Mr. Maleno is currently Senior Vice President of ACE Group and Division President, ACE USA. Mr. Maleno will have executive operating responsibility for the retail commercial property and casualty [P&C] insurance business that serves the large corporate market in the U.S. and Canada. Mr. Maleno’s responsibilities will include all facets of the business including strategy, production, product development and management, and profit and loss [P&L] performance. He will be responsible for bringing to bear all of the combined company’s products, services and capabilities to its brokerage and agency distribution partners for large corporate customers. Mr. Maleno’s organization, which is substantially the current ACE USA business including its products and organizational structure, will include a full complement of product line managers as well as Global Client Executives and National Segment Leaders in the field. Mr. Maleno will be responsible for the successful integration of the ACE and Chubb national accounts business currently written in ACE USA and Chubb Commercial Insurance. Mr. Maleno will report to John Lupica, who, as previously announced, will serve as Vice Chairman of the parent company and Co-President of the North America Insurance division. Mr. Lupica is currently Vice Chairman of ACE Group and Chairman of ACE’s Insurance — North American businesses.

Steven R. Pozzi will serve as Senior Vice President of the new Chubb Group and Division President, North America Middle Market. Mr. Pozzi is currently Executive Vice President of Chubb and Chief Operating Officer, Chubb Commercial Insurance. Mr. Pozzi will have executive operating responsibility for the retail commercial P&C insurance business that serves the middle market in the U.S. and Canada. Mr. Pozzi’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance. He will be responsible for bringing to bear all of the combined company’s products, services and capabilities to its retail agency and brokerage distribution partners for middle market commercial customers. Mr. Pozzi’s organization will include a full complement of product line and industry segment managers as well as regional middle market managers in the field. Mr. Pozzi will be responsible for the successful integration of the Chubb and ACE middle market business currently written in Chubb Commercial Insurance and ACE USA. Mr. Pozzi will report to Dino E. Robusto, who, as previously announced, will serve as Executive Vice President of the parent company and Co-President of the North America Insurance division. Mr. Robusto is currently Executive Vice President of The Chubb Corporation and President of Chubb Commercial and Specialty Lines.

James A. Williamson will serve as Vice President of the new Chubb Group and Division President, North America Retail Small Commercial. Mr. Williamson is currently Division President of ACE Private Risk Services, ACE’s high net worth personal lines business. Mr. Williamson will have executive operating responsibility for the retail commercial P&C insurance business that serves small commercial clients in the U.S. and Canada. Mr. Williamson’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance of the business, which will offer packaged products through an efficient and automated service to retail agents and brokers. Mr. Williamson will report to Mr. Robusto.

High Net Worth Personal Lines Leadership

Frances D. O’Brien will serve as Senior Vice President of the new Chubb Group and Division President, North America Personal Insurance. Ms. O’Brien is currently Senior Vice President, Chief Risk Officer of Chubb. Ms. O’Brien will have executive operating responsibility for the personal lines P&C insurance business that serves affluent and high net worth clients in the U.S. and Canada. Ms. O’Brien’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance. She will be responsible for the successful integration of ACE and Chubb’s personal lines businesses: Chubb Personal Insurance and ACE Private Risk Services. The newly integrated North America Personal Insurance organization will encompass superior product and service capabilities in order to deliver a best-in-class offering to the company’s agency distribution partners for affluent and high net worth customers. Ms. O’Brien will report to Mr. Robusto.

C. Scott Gunter will serve as Chief Operating Officer of North America Personal Insurance. Currently Senior Vice President and Chief Underwriting Officer of Chubb Commercial Insurance, Mr. Gunter will be responsible for a personal lines organization that includes the product management team and sales distribution managers in the field. Ms. O’Brien and Mr. Gunter will work closely together with Mr. Williamson for the time required to ensure a smooth leadership transition and integration as the company brings together the many talented people from ACE, Fireman’s Fund and Chubb. Mr. Gunter will report to Ms. O’Brien.

Wholesale/Excess & Surplus Lines Leadership

Bruce L. Kessler will serve as Senior Vice President of the new Chubb Group and Division President, North America Wholesale/Excess & Surplus Lines. Mr. Kessler is currently Division President of ACE Westchester, ACE’s Excess & Surplus [E&S] specialty company in North America. Mr. Kessler will have executive operating responsibility for the commercial P&C insurance business that serves the wholesale and E&S market in the U.S. and Canada. Mr. Kessler’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance. He will be responsible for bringing to bear all of the combined company’s products, services and capabilities to its wholesale brokerage distribution partners. Mr. Kessler will be responsible for the successful integration of ACE and Chubb’s E&S businesses – ACE Westchester and Chubb Custom – as well as the addition of ACE Commercial Risk Services, ACE’s small commercial, micro business and programs division. Mr. Kessler will continue to report to John Lupica.

David Lupica will serve as Chief Operating Officer, North America Wholesale/Excess & Surplus Lines. Currently Division President of ACE Commercial Risk Services, Mr. Lupica will work in partnership with Mr. Kessler in the operation of the E&S business, the wholesale small commercial division and the North America programs business. Mr. Lupica will report to Mr. Kessler.

Bermuda and Global Client Executives Leadership

Joseph S. Clabby will serve as Vice President of the new Chubb Group and Division President, Bermuda and Global Accounts. Mr. Clabby is currently Division President of ACE Bermuda and ACE Global Accounts. Mr. Clabby will have executive operating responsibility for the Bermuda-based commercial P&C insurance business that writes high-limit excess liability, property, political risk and directors and officers coverage worldwide. Mr. Clabby’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance, and he will be responsible for the successful integration of ACE and Chubb’s Bermuda operations: ACE Bermuda and Chubb Atlantic. Mr. Clabby will continue to serve as President, Global Accounts, focusing on the sophisticated product and service needs of multinational clients. Mr. Clabby will continue to report to John Lupica.

Agriculture Leadership

Michael J. Coleman will serve as Vice President of the new Chubb Group and Division President, North America Agriculture. Mr. Coleman is currently Division President of ACE Agriculture and will continue to have executive operating responsibility for the commercial P&C insurance business that serves farmers and other agribusiness clients in the U.S. Mr. Coleman’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance. Mr. Coleman will continue to report to John Lupica.

Product Line Leadership

ACE Limited also announced the leadership team it intends to appoint for the following North American product lines: Professional Lines, Surety and Property.

Robert C. Cox will serve as Division Chairman, North America Professional Lines, and Scott A. Meyer will serve as Division President, North America Professional Lines. Mr. Cox is currently Executive Vice President of Chubb and Chief Operating Officer, Chubb Specialty Insurance, and Mr. Meyer is currently Division President of ACE’s North America Professional Lines. Mr. Cox and Mr. Meyer will have profit center executive responsibility for the professional lines business offered through the National Accounts, Middle Market and Small Commercial business units that serve customers in the U.S. and Canada, as well as the company’s North America Wholesale/E&S business and its operations in Bermuda. Their responsibilities will include all facets of the product line including strategy, production, product development and management, and P&L performance. Mr. Cox and Mr. Meyer will be responsible for the successful integration of the Chubb and ACE professional lines products currently offered by Chubb Specialty Insurance, Chubb Custom, Chubb Atlantic, ACE USA, ACE Westchester, ACE Bermuda and ACE Canada in order to deliver a best-in-class offering to the company’s broker and agent distribution partners. Mr. Cox will report to John Lupica and Mr. Meyer will report to Mr. Cox.

Stephen M. Haney will serve as Division Chairman, North America Surety, and Chief Underwriting Officer, Global Surety. Mr. Haney is currently Division President, Surety, ACE USA, and Chief Underwriting Officer, Global Surety, ACE Group. Mr. Haney will have executive operating responsibility for the commercial and contract surety products and services offered through the National Accounts, Middle Market and Small Commercial business units that serve customers in the U.S. and Canada. Mr. Haney’s responsibilities will include all facets of the product line including strategy, production, product development and management, and P&L performance, as well as overseeing the underwriting of the company’s surety offerings globally. Mr. Haney will continue to report to John Lupica.

Richard A. Ciullo will serve as Chief Operating Officer of North America Surety. Currently Senior Vice President and Chief Operating Officer of Chubb Surety, Mr. Ciullo will assist in the P&L performance of the product line and together with Mr. Haney will be responsible for the successful integration of ACE and Chubb’s surety products in order to deliver a best-in-class offering to the company’s brokerage distribution partners. Mr. Ciullo will report to Mr. Haney.

Derek Talbott will serve as Division Chairman, North America Property. Mr. Talbott is currently Division President, ACE North America Property & Specialty Lines. Mr. Talbott will have executive operating responsibility for all property-related products and services, including builder’s risk, energy, aviation and commercial marine, offered through the National Accounts, Middle Market and Small Commercial business units that serve customers in the U.S. and Canada as well as the company’s North America Wholesale/E&S business and its operations in Bermuda. Mr. Talbott’s responsibilities will include all facets of the product line including strategy, production, product development and management, and P&L performance. Mr. Talbott will be responsible for the successful integration of ACE and Chubb’s property products in order to deliver best-in-class offerings to the company’s brokerage distribution partners. Mr. Talbott will continue to report to John Lupica.

“We have assembled a strong line-up of leaders from both ACE and Chubb who represent the best talent in their respective fields,” said Mr. Lupica. “This group of executives demonstrates the exceptionally deep bench of the combined company. Chris, Bruce, Dave, Joe, Mike, Bob, Steve, Rick and Derek are seasoned, driven and ready to execute a bold vision for their businesses. I look forward to charting an ambitious path for product, technology, service and distribution in the North American specialty and large commercial insurance market with my current and future colleagues.”

“The combination of ACE and Chubb creates an unparalleled opportunity to become the carrier of choice for agents, brokers and their clients,” said Mr. Robusto. “In North America, the opportunities for middle market, small commercial and personal insurance are nothing less than game-changing. Steve, Jim, Fran and Scott possess the experience and vision to achieve profitable growth, deliver superior products and services, cater to our agency and broker partners, and handle claims better than anyone else in the marketplace.”

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