ZURICH--(BUSINESS WIRE)--
ACE Group (NYSE: ACE) announced today that Jacques Bonneau has been
appointed Executive Vice President, Global Underwriting, with executive
responsibility for advancing underwriting excellence across the company.
Working closely with ACE Group Vice Chairman and Chief Operating Officer
John Keogh and Vice Chairman John Lupica, as well as with ACE’s product
line executives across the company, Mr. Bonneau will be responsible for
general underwriting policy, underwriting and underwriting management
best practices, and oversight of ACE Group’s global product boards. Mr.
Bonneau will also have executive oversight of reinsurance strategies for
ACE Group. In this latter capacity, William O’Farrell, ACE Group Vice
President and Chief Reinsurance Officer, will now report to Mr. Bonneau.
“I’m pleased to appoint Jacques Bonneau to this important role for our
company,” said ACE Group Chairman and Chief Executive Officer Evan G.
Greenberg. “We are an underwriting company. Everything at ACE begins
with the pursuit of underwriting excellence – it is a never-ending
journey. With more than 30 years of industry experience, Jacques is an
underwriter’s underwriter. His underwriting insights and instincts will
benefit all areas of our company.”
Currently ACE Group Executive Vice President and head of the company’s
global reinsurance business, Mr. Bonneau will assume his new
responsibilities July 1.
The company also announced today that Ed Zaccaria has been appointed
Chief Underwriting Officer, Insurance—North American. Currently Division
President, Regional Operations, ACE USA, Mr. Zaccaria in his new role
will work closely with ACE’s North American insurance product line
leaders and be responsible for underwriting practices, portfolio
management, predictive and data analytics and the management of
corporate underwriting staff. Mr. Zaccaria will report to Mr. Lupica and
Mr. Bonneau.
“There is no better insurance executive to lead our underwriting efforts
in North America than Ed Zaccaria,” said Mr. Lupica. “Ed brings over
three decades of industry experience and leadership at ACE to this new
position. Ed is a thoughtful and deep insurance expert who will be
terrific in driving ACE North America’s underwriting initiatives to
ensure we sustain a track record of underwriting profitability.”
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