PHILADELPHIA--(BUSINESS WIRE)--The ACE Group today announced the formation of a new business initiative focused on the development of Property and Casualty Binding Authorities produced through the wholesale market. This new initiative is offered through ACE Westchester, ACE’s excess and surplus lines insurance unit in the United States. Greg Rubel will serve as Senior Vice President, Binding Authority, and will lead ACE Westchester’s efforts in working with wholesale brokers to write specialty primary casualty and property coverage for more difficult-to-place risks through these binding authority programs. Mr. Rubel will be based in Dallas, TX, and report to Bruce Kessler, Division President, ACE Westchester.
“The formation of the new binding authority business initiative will provide for a more streamlined process of writing coverage for the various exposures presented by our wholesale distribution partners,” commented Mr. Kessler. “Greg is an experienced industry leader with nearly three decades in the insurance arena. Under his direction, the new Binding Authority business will broaden ACE Westchester’s primary casualty and property offerings, and enable us to continue our commitment to develop customized insurance programs to meet the ever changing risks and exposures of our customers.”
Mr. Rubel brings 30 years of insurance experience to the position, having held senior leadership roles in financial, marketing, and operations with leading insurance and financial services companies focused on the excess and surplus commercial market. More recently, he served as Regional President, Mid-South, for a U.S.-based carrier, responsible for sales and distribution of a wide range of products, including those offered through the company’s Property Wholesale Division on both a binding and brokerage basis. Mr. Rubel received a Bachelor of Science degree in Accounting from Illinois State University, and a M.B.A. from The Kellogg Graduate School of Management, Northwestern University, in Evanston, IL.
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com
Contact:
Media Contact:
ACE North America Communications
Carla Ferrara, 215-640-4744
carla.ferrara@acegroup.com