News Release

ACE Group Appoints Kenneth Riegler to Lead Multinational Client Group in North America and ACE USA’s Foreign Casualty Division
Mar 25, 2010

PHILADELPHIA--(BUSINESS WIRE)--The ACE Group of insurance and reinsurance companies (ACE) today announced the appointment of Kenneth Riegler to President, Multinational Client Group for North America and President, ACE USA Foreign Casualty.

In his capacity as head of the North American Multinational Client Group, Mr. Riegler will be responsible for leading the delivery and servicing of the company’s commercial property and casualty insurance capabilities targeted to large multinational clients headquartered in North America. He will work closely with Michael Furgueson, President, Multinational Client Group, ACE Overseas General, to coordinate ACE’s worldwide approach to this market segment.

Based in New York and reporting to John Lupica, Chief Operating Officer, Insurance-North America, Mr. Riegler will work collaboratively with ACE’s U.S. product lines, regional operations team, and the newly- formed Global Client Executive unit to deliver the company’s insurance products and services tailored to the complex needs of multinational companies.

As President, ACE USA Foreign Casualty, Mr. Riegler also will oversee ACE USA’s foreign casualty products for U.S.-based multinational companies, including the International Advantage® suite of products, from packaged coverages to enterprise solutions with controlled master programs and risk transfer options, and Defense Base Act (DBA) Insurance. He will have overall strategic responsibility for the group’s underwriting, marketing, and field operations.

“The insurance marketplace for multinational companies is increasingly complex,” said Mr. Lupica. “Ken brings a wealth of insurance experience and proven leadership at ACE to this important role and represents the next phase of ACE’s continued investment in our platform of product and service delivery for multinationals.”

Mr. Riegler joined ACE USA in 1999, and most recently served as Executive Vice President, ACE Risk Management Commercial Accounts. He previously held various management positions with Reliance National Insurance Company’s National Risk Management Division, and New Jersey Manufacturer’s Insurance Company. With more than 18 years of experience in the large risk insurance arena, he received his Bachelor of Science degree in Business Administration from Springfield College in Springfield, Mass., and an M.B.A. in International Finance from St. John’s University in New York City.

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

 

Contact:

ACE Group
Media Contact:
Carla L. Ferrara, 215-640-4744
Carla.ferrara@acegroup.com