News Releases

PHILADELPHIA--(BUSINESS WIRE)--May 23, 2005--ACE USA, the U.S.-based retail division of The ACE Group of Companies, today announced that Richard B. Vincelette has been named Senior Vice President, Public Entity, for ACE Casualty Risk. Based in Philadelphia, Mr. Vincelette will be responsible for building ACE's public entity capability in the United States. ACE's Public Entity unit will provide coverages for federal, state, county, township and municipal government, special districts, government agencies and authorities, and the public education sector. The unit will specifically target individual entities and groups that finance a portion of their own risk. 
 

"With close to 30 years of experience in the insurance industry, Rich brings to ACE a wealth of knowledge and a tremendous amount of enthusiasm for the public entity industry segment," said David Brosnan, President, ACE Casualty Risk. "Rich will lead our efforts to expand ACE's Public Entity team and will work closely with other ACE business units to provide a full range of risk management solutions to our clients."

Prior to joining ACE, Mr. Vincelette was National Practice Leader, Public and Nonprofit for Willis Risk Solutions. He also spent much of his career at American Reinsurance Company in several senior management roles, and began his career at The Hartford Insurance Company. Mr. Vincelette earned a bachelor of arts degree in economics at Hamilton College in Clinton, N.Y.

ACE Casualty Risk, a division of ACE USA, specializes in lead umbrella and excess liability, custom casualty, public entity, and environmental liability insurance products. ACE Casualty Risk products are distributed through the brokerage community to the commercial market.

ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.