ACE Group Announces Appointments.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Aug. 26, 2002 ACE Limited (NYSE NYSE See: New York Stock Exchange : ACE) announced today that Ken Koreyva and Sabra sa·bra n. A native-born Israeli. [Hebrew  Purtill have joined the ACE Group of Companies. Mr. Koreyva has been appointed to the position of Treasurer of ACE Limited, reporting directly to Philip Bancroft, Chief Financial Officer of ACE Limited. In addition to his duties as Treasurer, Mr. Koreyva will oversee communications with rating agencies, investors and analysts. Ms. Purtill joins ACE Asset Management as Vice President of Corporate Finance. Ms. Purtill will focus on competitor analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, , specifically on performance reporting and disclosure. "We are very pleased to have professionals of Ken's and Sabra's caliber on board. Their experience and perspective will be an extremely valuable addition to ACE," said Mr. Bancroft. Mr. Koreyva joins ACE Limited after a secondment Noun 1. secondment - a speech seconding a motion; "do I hear a second?" endorsement, indorsement, second agreement - the verbal act of agreeing 2. with PHICO Insurance Company where he was retained by the Pennsylvania Insurance Commissioner to oversee operations of PHICO during its rehabilitation and liquidation phases. Prior to PHICO, Mr. Koreyva spent ten years at MIIX Group, a provider of medical liability insurance and risk management services. During his tenure at MIIX Group, he held increasingly senior positions before being promoted to Executive Vice President and Chief Financial Officer in 1996, and subsequently President and Chief Executive Officer in 1999. Mr. Koreyva was formally an insurance industry partner at PricewaterhouseCoopers. Ms. Purtill was an insurance analyst and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. for 15 years at firms including Chase Manhattan, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Conning & Co. and, most recently, ABN Amro. During the course of her career, Ms. Purtill has covered all sectors of the insurance industry. The ACE Group of Companies provides insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com. |
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