This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ACE USA Restructures Global Property Division

ACE USA, the U.S.-based retail operating division of The ACE Group, today announced a reorganization within the company’s Global Property division. The division will now include three property insurance units designed to serve the needs of domestic and multinational businesses. The Commercial Property, Specialty Catastrophe, and Complex Multinational Property units report directly to Paul McNamee, Division President, ACE Property and Specialty, North America.

The Commercial Property unit focuses on the risk transfer needs of domestic and multinational clients nationwide. Through nine regional offices across the United States, this group provides significant risk and catastrophe capacity to a broad range of clients in both industry and scale. This unit focuses on the distribution of our core property products through our retail distribution partners across the country. Brian Church, Senior Vice President, has been promoted to lead the Division’s Commercial Property Unit on a nationwide basis.

ACE’s Specialty Catastrophe unit focuses on solutions for clients where traditional property insurance doesn’t match their unique needs or where deductibles levels have exceeded the client’s appetite for risk, often brought about through significant losses or changes in industry models. Using innovative design to maximize catastrophe protection and minimize the impact of market cycles for customers, products are developed with a client focus. These products range from flood reinstatement protection to named storm deductible buy downs, multi-year agreements, and parametric triggered coverage for concentrated catastrophe exposure. Jeremiah Konz, Senior Vice President, will lead the Specialty Catastrophe group, in addition to his current role as Senior Vice President, Ceded Reinsurance, where he is the lead buyer of reinsurance for ACE’s Property and Specialty division in North America.

The Complex Multinational Property unit provides specialized fronting and captive solutions to large multinational customers and offers an experienced team of professionals with multinational expertise, superior technical program design, competitive fronting service fees, and competitive credit terms where applicable. ACE’s secure, web-based Worldview SM client portal is used to implement, service, and manage multinational programs across a global network of owned offices in 54 countries and partner companies in 126 countries. Eric Stoer, Senior Vice President, will continue to head the Complex Multinational Property Unit.

“The restructuring of the property division into these three units underscores ACE’s commitment to provide customers and brokers with a broad range of specialty products and services. Brian, Jeremiah and Eric have been instrumental in the development and execution of our property strategies across North America, and are well positioned to bring all of ACE’s resources to bear for customers and brokers through this new structure,” said Mr. McNamee.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs