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TheStreet Open House

ACE Appoints Chris Maleno To Lead ACE USA

The ACE Group today announced the appointment of Chris Maleno as Division President, ACE USA. In this role, Mr. Maleno will oversee all operations for ACE’s U.S.-based retail commercial property and casualty franchise. He will report to John Lupica, Chairman, Insurance-North America.

Mr. Maleno joined ACE in 2007 as President, ACE USA Regional Operations, where he was instrumental in driving the company’s customer and broker segmentation strategies. He subsequently served as Division President, ACE Casualty Risk with responsibility for the profitable growth of ACE USA’s diverse casualty products including excess liability, construction, environmental and public entity. He was appointed Chief Operating Officer of ACE USA in 2011 with day-to-day oversight of the company’s broad commercial property and casualty and accident and health businesses.

"Chris has made tremendous contributions to ACE since joining the company six years ago and has been a driving force in the growth and expansion of ACE USA’s products and services,” said Mr. Lupica. “He is an experienced and talented leader with a strong underwriting acumen well suited to lead the next phase of growth in our U.S. retail franchise.”

Mr. Maleno brings nearly 25 years of diverse experience in the insurance industry to his new role. Prior to joining ACE, he held several senior leadership positions in casualty underwriting and regional operations management within the industry.

ACE USA is the U.S.-based retail operating division of the ACE Group, and is rated A+ (Superior) by A.M. Best Company and AA- (Very Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.acegroup.com/us . The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident 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. Additional information can be found at: www.acegroup.com .

Copyright Business Wire 2010

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