PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the appointment of Wolfgang Friedel as Executive Vice President for its Property & Specialty Lines business operation. Based in Philadelphia, Mr. Friedel will have overall management responsibilities for the global property, marine (both commercial and recreational), aerospace, and energy product lines.
"Wolfgang has an exceptional industry background and brings outstanding insurance leadership experience to ACE," said Ed Zaccaria, President, ACE Global Underwriters. “His sharp understanding of the markets in which we operate, and strong business acumen, makes him an excellent choice to help expand our business further in our targeted market segments.”
Mr. Friedel brings to ACE more than 30 years of diverse experience in the insurance arena. He most recently served as President and CEO of Stratex, a management consulting firm. Prior roles include senior leadership positions at Unisis Management, Zurich Financial Services Group, FM Global, and Allianz. Mr. Friedel received his Bachelor of Science and Master of Science degrees in Marine Engineering from Fach-Hochschule (University) of Flensburg, Germany.
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.