ACE Announces North America Leadership Team Effective Once Chubb Acquisition Complete

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. He is currently senior vice president of ACE Group and division president, ACE USA.

Maleno will have executive operating responsibility for the retail commercial property and casualty insurance business that serves the large corporate market in the U.S. and Canada. His 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. His 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.

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. He 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. He 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. He is currently executive vice president of Chubb and chief operating officer, Chubb Commercial Insurance.

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. His 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. His organization will include a full complement of product line and industry segment managers as well as regional middle market managers in the field.

Responsible for the successful integration of the Chubb and ACE middle market business currently written in Chubb Commercial Insurance and ACE USA, 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. 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. He is currently division president of ACE Private Risk Services, ACE’s high net worth personal lines business. 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.

Reporting to Robusto, his 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.

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. She is currently senior vice president, chief risk officer of Chubb. 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. Her responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance.

Reporting to Robusto, 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.

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, he will be responsible for a personal lines organization that includes the product management team and sales distribution managers in the field. Gunter, who will report to O’Brien, will work closely with O’Brien and Williamson for the time required to ensure a smooth leadership transition and integration as the company brings together employees from ACE, Fireman’s Fund and Chubb.

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. He is currently division president of ACE Westchester, ACE’s Excess & Surplus (E&S) specialty company in North America. 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. His responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance.

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. 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, he will report and work in partnership with Kessler in the operation of the E&S business, the wholesale small commercial division and the North America programs business.

Michael J. Coleman will serve as vice president of the new Chubb Group and division president, North America Agriculture. He 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.

Coleman’s responsibilities will include all facets of the business including strategy, production, product development and management, and P&L performance. He 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. He is currently executive vice president of Chubb and Chief Operating Officer, Chubb Specialty Insurance, and Meyer is currently division president of ACE’s North America Professional Lines. Cox and 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.

Cox and 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. Cox will report to John Lupica and Meyer will report to Cox.

Stephen M. Haney will serve as division chairman, North America Surety, and chief underwriting officer, Global Surety. He is currently division president, Surety, ACE USA, and chief underwriting officer, Global Surety, ACE Group. 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.

His 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. He 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, he will assist in the P&L performance of the product line and together with Haney will be responsible for the successful integration of ACE and Chubb’s surety products. Ciullo will report to Haney.

Derek Talbott will serve as division chairman, North America Property. He is currently division president, ACE North America Property & Specialty Lines. 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.

His responsibilities will include all facets of the product line including strategy, production, product development and management and P&L performance. 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. He will continue to report to John Lupica.

Source: ACE