News Releases

PHILADELPHIA--(BUSINESS WIRE)--March 22, 2006--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced two executive appointments in ACE Risk Management: Karen Sawyer has been named Senior Vice President, National Customer Retention Manager, responsible for strengthening customer and broker relationships on a national level. Carol Frey has been appointed as Vice President, National Sales and Marketing, with responsibility for developing and managing sales and marketing initiatives for new business. 
 

ACE Risk Management offers comprehensive risk management programs and services, which are uniquely designed and customized to assist companies in any industry deal with the significant cost of financing and managing risk.

"Karen's appointment to this position reflects ACE Risk Management's commitment to maintaining the customer and broker relationships that form the core of our business strategy," said Bill Curcio, President, ACE Risk Management. "Identifying new business marketing techniques and product sources is essential to our long-term business strategy and instrumental in our efforts to meet and exceed the expectations of our customers in the large risk marketplace. Carol's appointment reflects ACE Risk Management's commitment to continued new business growth throughout all business segments by offering clear focus and direction to our dedicated business development managers across the country."

Ms. Sawyer has more than 35 years of experience in underwriting, risk management, sales and business development in the insurance arena with particular emphasis on serving the regional large-risk marketplace. She most recently served as the New York Branch Manager for ACE Risk Management. Ms. Frey has more than 19 years of experience in international underwriting and financial management in the insurance industry. She most recently served as Vice President, ACE Captive Strategies, where she was responsible for dual marketing of ACE USA's and ACE Tempest USA, Inc.'s captive and alternative risk capabilities. Ms. Frey will maintain this role as a representative of ACE Risk Management. She received both her Bachelor's Degree in Psychology and M.B.A. in Business Administration from the University of Delaware.

For more information about ACE Risk Management's products and services, visit www.aceriskmanagement.com.

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+ (Superior) 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.