PHILADELPHIA--(BUSINESS WIRE)--ACE Risk Management® today announced the appointment of David Brown to lead its national transportation industry segment, which will deliver customized primary casualty offerings to address the specialized needs of this key industry class. ACE Risk Management, ACE’s industry-leading U.S.-based retail primary casualty division, provides workers’ compensation, auto liability and general liability products and services customized for large fleet transportation companies including truckers, bus operators, waste haulers, rental car companies, and manufacturers and distributors.
Mr. Brown will serve as Vice President, Underwriting & Transportation Segment Leader, and will have national responsibility for delivering integrated insurance solutions that are specifically structured to meet the unique insurance needs of the transportation industry. Mr. Brown will report to Bill Rabl, Chief Operating Officer, ACE Risk Management. Mr. Brown will be based in New York City, and will work with the ACE Risk Management branches throughout the country.
“The exposures faced by the transportation industry continue to evolve, resulting in the need for companies to streamline their insurance and risk management practices. ACE Risk Management has a wealth of experience in providing specialized insurance products for the transportation industry, and this expertise translates into easier access for brokers and clients wishing to use these services as well as personalized attention and coordinated service delivery,” said Matt Merna, Division President, ACE Risk Management.
With more than 23 years of insurance industry experience, with particular emphasis on the transportation industry, Mr. Brown has held various underwriting management positions in ACE Risk Management since joining ACE in 1999. Prior to his tenure with ACE, Mr. Brown held several underwriting management positions at several global carriers. He holds a Bachelor of Science in Actuarial Science and an M.B.A. in Finance, both from St. Johns University, located in New York City.
Mr. Rabl commented, “David’s proven success and experience in providing insurance solutions in the primary casualty transportation market makes him well-positioned to lead this group. Applying his expertise and discipline is an important part of ACE Risk Management’s objective to fully serve the demands of this dynamic market segment.”
The primary casualty coverage offered through ACE Risk Management’s specialty transportation segment is well suited for fleets in excess of 1,000 power units, including qualified self insureds that administer their own claims and have retentions of at least $500,000. The ACE Risk Management specialty transportation industry segment utilizes its extensive experience to provide flexibility in terms for program structures, innovative collateral solutions, and fleet safety risk control services.
ACE Risk Management, part of ACE USA, ACE’s U.S.-based retail operating company, offers comprehensive risk management programs and services that are uniquely designed and customized to assist companies in any industry dealing with the significant costs of financing and managing risks. To learn more about ACE Risk Management’s products and services, please visit our website.
ACE USA is part of the ACE Group, 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.