News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced it has appointed Michael Harnett to the position of Senior Vice President, Mid-Atlantic Region for ACE Risk Management® (ARM). Based in Philadelphia, Mr. Harnett will oversee ARM branch operations in the Mid-Atlantic Region, working with brokers in managing new business development and underwriting activities, and serving middle and large account customers.

Mr. Harnett adds this new responsibility to his current role as Senior Vice President, National Excess Workers Compensation Unit, ARM, where he has overall responsibility for overseeing new business development and underwriting activities for products that provide risk management solutions to employers who qualify for self insurance. In this role, he will continue to report to William Curcio, President, ACE Risk Management.

“This appointment acknowledges Mike’s accomplishments and successful track record in managing the excess workers compensation unit in this evolving and competitive marketplace,” said Ken Riegler, Executive Vice President, ACE Risk Management. “Mike’s prior experience in serving the large-risk arena and broadening relationships with brokers and clients make him well-suited to support ARM’s continued growth in the Mid-Atlantic region.”

Mr. Harnett joined ACE USA from PMA Insurance Group in November 2004, where he previously served as Vice President, Risk Management Services with responsibility for all aspects of its large account underwriting operation. With more than 22 years of experience in the insurance field, Mr. Harnett has held a variety of underwriting management positions with major carriers including Royal & SunAlliance, CNA and an ACE subsidiary. Mr. Harnett received both his Bachelor of Arts degree in Philosophy and a Master of Science degree in Public Management/Public Policy from State University of New York, Stony Brook.

ACE Risk Management offers comprehensive risk management programs and services that are uniquely designed and customized to assist companies in any industry deal with the significant costs of financing and managing risk. To learn more about ACE Risk Management’s products and services, visitwww.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.