News Releases

PHILADELPHIA--(BUSINESS WIRE)--Feb. 24, 2005--ACE USA, the U.S.-based retail division of The ACE Group of Companies, today announced that Joseph S. Clabby has been appointed Executive Vice President, Regional Operations, reporting to John Lupica, President of ACE USA. Mr. Clabby will be responsible for ACE USA's field operations, which will entail driving distribution strategies with brokers on a national and regional basis as well as expanding ACE USA's product and marketing approach at the local level. In addition, he will assume day-to-day leadership of ACE USA's regional executive management team. 
 

"Our clients and brokers have benefited from ACE USA's regional management structure, which provides a locally-based single point of contact for access to ACE's global array of products and services," said Mr. Lupica. "Joe has worked closely with ACE USA's regional executives and the business units, and has a proven record of developing strong broker and client relationships, making him an ideal choice to lead our regional operations."

Mr. Clabby most recently served as Senior Vice President, ACE Financial Solutions, responsible for the Finite and Structured Risk team. In this role, he successfully managed new business production, drove the exploration of new product innovations, managed client service plans and collaborated with other ACE USA divisions to develop joint business opportunities.

Mr. Clabby, who joined ACE in 2001, has more than 20 years of experience in banking, brokerage and insurance underwriting. He holds a bachelor's degree from Fordham University, a master's degree from Montclair State University and an MBA from Pace University.

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 (Excellent) 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.