News Releases

PHILADELPHIA--(BUSINESS WIRE)--May 23, 2006--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the promotion of Bob Gallozzi to Senior Vice President, Commercial Marine, part of ACE USA's International & Specialty Group. Based in New York City, Mr. Gallozzi will have responsibility for directing national profit center strategies, operations and risk control services for Marine Cargo, Hull and Liability product lines to foster continued growth and profitability for ACE USA Commercial Marine. 
 

ACE International & Specialty Group specializes in offering global programs and specialty coverages for a broad range of mid- to large-sized U.S.-based companies.

"Bob brings to this key role outstanding underwriting management and proven leadership capabilities and his appointment reflects our strong commitment to the continued growth of ACE USA's commercial marine business," said Ed Zaccaria, President, ACE USA International & Specialty Group. "I look forward to working with Bob in further broadening our product offerings in the ongoing effort to exceed customer expectations and meet the unique needs of the commercial marine marketplace."

Mr. Gallozzi has more than 25 years of commercial marine underwriting management experience in the insurance arena. He joined an ACE predecessor organization (CIGNA) in 1990 as a Senior Marine Underwriter and has held several regional roles, most recently serving as Marine Vice President, Commercial Marine. Prior to his tenure with ACE USA, Mr. Gallozzi held marine underwriting positions at Fireman's Fund and Atlantic Mutual Insurance Company, where he began his insurance career. He received a Bachelor of Science degree in Economics from Hofstra University, Hempstead, NY.

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.