ACE Hires Tomas Urbanec to Head International Personal Lines.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Feb. 11, 2004 Gary Schmalzriedt, Chairman and Chief Executive Officer of ACE Overseas General (AOG AOG Assemblies Of God AOG Aircraft On Ground AOG Association of Graduates AOG Act of God (insurance) AOG Gasoline Tanker AOG Army of God (militant anti-abortion group) AOG Air Operations Group ), announced today that Tomas Urbanec has joined AOG as Executive Vice President, International Personal Lines. AOG is a financial reporting segment of ACE Limited and comprises the Company's international property casualty and accident and health businesses and its Lloyd's operations. In his new role, Mr. Urbanec will work with ACE's regional management to create and implement the Company's strategy for the continued development of personal lines business in Asia Pacific, Europe, Latin America and Japan. He will report directly to Ed Clancy, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of AOG, and will be based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Mr. Urbanec brings more than a decade of experience in personal lines to his new position, having worked for over six years with Progressive Insurance and Travelers and for over four years with American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. . He has been responsible for business development throughout South Asia, including Greece, Turkey, Egypt and Israel, as well as throughout Southeast Asia, including Hong Kong, Taiwan, Thailand and Malaysia. "Tom's breadth of international experience in both emerging and mature insurance markets will be important in expanding ACE's existing personal lines operations and in establishing new operations in key markets," said Mr. Schmalzriedt. "Personal lines is a critical product line in the development of our consumer insurance business model and Tom's expertise in this regard will be invaluable." Mr. Urbanec has an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in International Finance from Case Western Reserve University in Cleveland, Ohio and an undergraduate degree in Finance from Indiana University. The ACE Group of Companies (NYSE NYSE See: New York Stock Exchange :ACE) is a global leader in 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. serving a diverse group of clients. A component of the Standard & Poor's 500 stock index, The ACE Group conducts its business on a worldwide basis with operating subsidiaries in approximately 50 countries. Additional information can be found at: http://www.acelimited.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion