LONDON--(BUSINESS WIRE)--
ACE Group today announced the appointment of Jim Smith as Medical
Malpractice Product Manager & Chief Underwriting Officer for ACE
Overseas General (AOG), as it continues to focus on underwriting
excellence and to expand its global footprint in the field of medical
professional liability.
In this role, Jim will oversee underwriting execution of ACE’s medical
liability insurance business in all retail markets globally outside
North America. As well as overseeing existing portfolios, he will also
drive targeted expansion of ACE’s global footprint into new markets –
with a focus on emerging economies.
He will be responsible for all technical product, pricing, operations,
reinsurance, and head referral functions for medical malpractice
internationally. He will also be responsible for developing and
promulgating technical underwriting tools needed for this line of
business and for driving new product development. Jim will report to
Marc Poliquin, Senior Vice President, Professional Indemnity Product
Head, within the financial lines division of ACE Overseas General. He
will also help support the initiatives led by Caroline Clouser,
Executive Vice President and Practice leader, ACE USA Medical Risk Group
and Chair of the Global Medical Professional Liability Board. The
appointment is effective immediately and he will be based in Chicago.
With more than 29 years of property and casualty insurance experience,
Jim most recently served as Vice President, ACE USA Medical Risk Group.
In this position he handled primarily excess hospital business, managed
the Midwest region for facilities business, and was also involved in
assisting other ACE offices around the globe in underwriting
international medical malpractice opportunities. Prior to joining ACE in
2005, Jim held positions in healthcare and general liability areas for
several global insurance and reinsurance carriers. He received a
Bachelor of Science degree from Purdue University located in Indiana.
Timothy O’Donnell, Executive Vice President, Financial Lines at ACE
Overseas General, said:
“I am pleased to welcome Jim into our growing financial lines division.
The breadth of medical liability expertise, underwriting success, and
leadership capabilities he has exhibited make him well-suited for this
key role as we further expand our medical liability footprint around the
world. He will be instrumental in ensuring that we deliver a consistent
and best-in-class medical malpractice proposition in our top focus
regions.”
Caroline Clouser, Chair of ACE’s Global Medical Professional Liability
Board, said:
“Jim’s appointment reflects our continued commitment to the medical
malpractice market internationally. His deep industry experience and
proven ability to work collaboratively around the globe will prove to be
great assets in our plans to build upon ACE’s success in the global
medical professional liability marketplace.”
ENDS
About ACE:
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 and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of the ACE
Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index.
Visit www.acegroup.com/eu
Source: ACE