News Release

ACE Appoints Ed Zaccaria President of ACE USA Regional Operations
John Alfieri Named President, ACE Global Client Executives
Jul 31, 2010

PHILADELPHIA--(BUSINESS WIRE)--The ACE Group today announced the appointment of Ed Zaccaria as President, ACE USA Regional Operations. In this role, Mr. Zaccaria will have responsibility for driving national and local distribution strategies as well as expanding ACE USA’s product and marketing presence throughout the country. In addition, he will assume leadership of ACE USA’s regional executive management team. Mr. Zaccaria will continue to oversee ACE’s Global Client Executive initiative, and, in this capacity, he will continue to report jointly to John Lupica, Chief Operating Officer, Insurance-North America, and John Keogh, Chief Executive Officer, ACE Overseas General.

John Alfieri has been named President, ACE Global Client Executives, in addition to his current role as Regional Executive Officer of ACE USA’s New York region, reporting to Mr. Zaccaria. ACE’s Global Client Executive program is a key component of the company’s commitment to delivering customized and coordinated service to multinational clients. Mr. Alfieri will oversee ACE’s team of senior-level client executives in major markets around the world and will work closely with ACE’s Multinational Client Group headed by Ken Riegler in North America, and Michael Furgueson internationally.

“Ed and John have long records of accomplishment in the industry and at ACE,” said Mr. Lupica. “Their leadership will ensure that our ongoing investments to align our regional network and service teams with the needs of our clients and distribution partners, continue to be a differentiator for ACE.”

Mr. Zaccaria brings more than 30 years of diverse experience in the property and casualty insurance industry, and has served in several senior management roles at ACE, including most recently as President, ACE Global Client Executives. His previous experience at ACE includes leading ACE USA’s Global Underwriting Group, with responsibility for directing overall operations and strategy for a diverse group of products, including global property, energy, and foreign casualty. Prior to his tenure with ACE USA, Mr. Zaccaria was a Certified Public Accountant with Arthur Andersen & Co. He received a Bachelor of Science degree from Villanova University, located in Villanova, PA, and an M.B.A. from Drexel University, in Philadelphia. He holds the Certified Public Accountant (CPA) professional designation in Pennsylvania.

Mr. Alfieri has nearly 30 years of experience in risk management and insurance. Since 2004, he has served as Senior Vice President and Regional Executive Officer for ACE USA’s New York Region, with responsibility for setting and driving the overall strategic direction for the region. Before joining ACE, Mr. Alfieri served as Executive Vice President of the Alternative Markets Division of a leading global reinsurer, and in the corporate risk management department of a Fortune 500 global energy company. He holds a Bachelor of Arts degree in economics from the State University of New York, Plattsburgh.

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), a component of the S&P 500 stock index, 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.acegroup.com.

Contact:

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