News Releases

PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group, today announced executive appointments to its large account primary casualty division. Matt Merna has been appointed Chief Operating Officer of ACE Risk Management. In this role, Mr. Merna will oversee ACE Risk Management’s business units across the U.S., in addition to his current role as President, ACE Financial Solutions. Mr. Merna will report to William Curcio, President & Chairman, ACE Risk Management.

Mr. Merna joined ACE USA in 2000, and has more than fifteen years of experience in the insurance industry. He has held various management positions in public accounting and insurance in New York and Europe.

ACE also announced the appointment of Bill Rabl to President of Operations, ACE Risk Management. In addition to his current responsibilities as Chief Underwriting Officer, Mr. Rabl will take on oversight of ACE Risk Management’s operations, finance, and other support units reporting to Mr. Curcio.

Throughout his more than 25-year career, Mr. Rabl has held several senior management roles in both the insurance brokerage and carrier markets. Mr. Rabl previously served in a variety of senior leadership roles at Lockton, American International Group (AIG), and the Continental Insurance Company.

Jay Lefkowitz has been appointed President, National Accounts, ACE Risk Management. Working with Mr. Merna in this role, Mr. Lefkowitz will oversee the National Accounts unit, which provides risk management programs and services to larger companies with a minimum of $5 million and above in combined expected losses.

Mr. Lefkowitz joined ACE USA in November 1999, and most recently served as Executive Vice President of ACE Risk Management’s National Accounts division. With more than 25 years of experience in the large-risk arena, Mr. Lefkowitz previously served in a variety of senior leadership roles in AIG, CNA, Atlantic Mutual and Home Insurance.

“Matt, Bill and Jay have been integral in building a successful franchise for ACE Risk Management throughout various market conditions,” said Mr. Curcio. “Their leadership in these new roles will be instrumental in furthering ACE’s position as a market leader in the large account risk management segment.”

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, visit www.aceusa.com.

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com