PHILADELPHIA--(BUSINESS WIRE)--
ACE Group today announced that David Charlton has been appointed
Division President, Property and Casualty and Micro-business for ACE
Commercial Risk Services. He will lead ACE’s expansion efforts into the
property and casualty package and the micro specialty lines market for
select small businesses, deepening ACE’s growing presence in the small
commercial space.
Mr. Charlton joins ACE with 26 years of insurance experience with
leading insurance companies focused on the small commercial market. In
his new role, he will report directly to Juan C. Andrade, ACE Group
Executive Vice President and Global Head of Personal Lines and Small
Commercial Insurance. Mr. Charlton will team with David Lupica, Division
President, ACE Commercial Risk Services, to deepen ACE’s expansion and
presence in the small commercial arena by developing package and
specialty lines capabilities for ACE’s smaller commercial lines
customers.
Mr. Andrade commented, “Four years ago, ACE announced its intent and
commitment to diversify into the small commercial space, which resulted
in the creation of ACE Commercial Risk Services (CRS). Since that time,
under David Lupica’s strong leadership, this business has grown rapidly
and profitably, establishing ACE as a leading specialty small business
insurer. We have dedicated ourselves to offering compelling, efficient,
and cost-effective solutions to small business owners. Our leading small
business specialty products are now sold nationally, through thousands
of agents and broker storefronts, and many wholesalers.”
Mr. Andrade added, “We recognize that each small business has a unique
set of insurance needs. We are pleased to build upon this growth by
welcoming David Charlton and complementing our traditional specialty
lines to now offer property and liability package options for targeted
business segments. Together, these two executives will accelerate our
successful diversification into this market.”
Mr. Charlton joins ACE from a U.S.-based specialty insurance carrier,
where he most recently served as Executive Vice President and Chief
Underwriting Officer.
ACE Commercial Risk Services is dedicated to providing insurance
products that offer solutions for small business insurance needs in
North America. ACE Commercial Risk Services offers its products through
retail agents and brokers, wholesale brokers and wholesale producers,
program agents and other alternative distribution models. For more
information, please visit www.acecrs.com.
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 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.
Source: ACE Group