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ACE Announces Executive Appointments in its North American Aerospace Insurance Operations

Dépèche transmise le 17 janvier 2012 par Business Wire

ACE Announces Executive Appointments in its North American Aerospace Insurance Operations

PHILADELPHIA--(BUSINESS WIRE)--The ACE Group today announced new leadership appointments in its Aerospace insurance operations, part of the company’s North American Property and Specialty Lines Division, to support ACE’s commitment to delivering market-leading global property and liability products, solutions and services to the Aerospace industry.

“Their experience in bringing the full complement of aerospace underwriting and risk management capabilities to customers and intermediaries will continue to distinguish ACE in this space.”

Stephen Dinsdale has been appointed Chairman, ACE USA Aerospace, which comprises Airport & Special Risks, Satellites, and ACE’s participation in the U.S. Aircraft Insurance Group (USAIG) aviation pool. In this new role, Mr. Dinsdale will apply his extensive experience and expertise to provide strategic guidance to this rapidly evolving industry and lead efforts relating to the placement of ACE’s aerospace reinsurance programs. With a career spanning more than 36 years in the insurance arena, Mr. Dinsdale previously served as Senior Vice President, ACE USA Airport & Special Risks Unit, since joining ACE in 1998. Mr. Dinsdale will continue to be based in New Orleans and report to Paul McNamee, Division President, North America Property and Specialty Lines.

In addition, Jerry Ruth has been appointed to Senior Vice President, ACE USA Airports & Special Risks, a unit which specializes in underwriting airport risks and aircraft owned and operated by government entities. Based in New Orleans, Mr. Ruth will oversee the unit’s national management, underwriting and overall operations. With more than 20 years of aviation underwriting experience, Mr. Ruth previously served as Vice President, ACE USA Airport & Special Risks Unit. He joined ACE USA in 1998. Mr. Ruth will report to Mr. McNamee.

“Stephen and Jerry have been instrumental in the ongoing development of ACE’s aerospace underwriting capabilities,” said Mr. McNamee. “Their experience in bringing the full complement of aerospace underwriting and risk management capabilities to customers and intermediaries will continue to distinguish ACE in this space."

ACE’s Aerospace operations, part of ACE USA, the retail operations of the ACE Group, offers a broad set of property and casualty insurance products as well as risk control services offered through ESIS, Inc. that address the unique risks faced by commercial and general aviation airport owners and operators, including municipal aircraft, as well as highly specialized property insurance for satellites. To learn more about ACE’s Aerospace product and service offerings, please visit our website.

ESIS® Inc. (‘ESIS’) is part of the ACE Group, providing claims and risk management services to a wide variety of commercial clients. Insurance provided by insurers within the ACE Group. The product information above is a summary only. ESIS risk control services may be sold directly to ESIS’s clients, or part of insurance underwriting. Risk control activities conducted on behalf of the insurer are not intended as a direct benefit or service to ACE. To learn more about ESIS please visit our website.

The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.