ACE USA Announces Appointments in its ACE Casualty Risk Unit.PHILADELPHIA -- ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced two appointments in its ACE Casualty Risk Unit. William Hazelton joins ACE USA as Senior Vice President and Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Manager for ACE Environmental Risk and Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. Schmidt has assumed the role of Senior Vice President and Underwriting Manager for the Custom Casualty Unit. ACE Casualty Risk, a division of ACE USA, specializes in lead umbrella and excess liability, custom casualty, environmental liability and public entity-oriented insurance products. ACE Casualty Risk products are distributed through the retail brokerage community to the commercial market. William Hazelton Based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Mr. Hazelton will have overall responsibility for overseeing all retail-focused environmental business, new business development and underwriting activities for ACE Environmental Risk in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With more than 15 years of underwriting and claims experience in the environmental insurance market, Mr. Hazelton most recently served as Vice President and Director of Field Operations for Quanta's Environmental Liability unit, based in its 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 office. He previously held a variety of leadership positions in the environmental underwriting and claims arena, including Chubb Environmental Solutions and AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Environmental. Mitchell Schmidt Based in Philadelphia, Mr. Schmidt joined ACE USA in July 2003 as Midwest Regional Excess Casualty Manager. He has held numerous senior leadership roles within ACE Casualty Risk, most recently serving as Western Zone Manager, with responsibility for the Excess Liability and Custom Casualty product offerings for five of the nine ACE USA regions. Prior to his tenure at ACE USA, Mr. Schmidt held several branch and regional underwriting and marketing positions in the casualty arena with Chubb & Son, Inc. "I am pleased to welcome Bill to ACE. His proven leadership experience in the environmental market and producer relationships will enable him to continue to support ACE's continued growth in this arena," said David Brosnan, President of ACE Casualty Risk. "The added strength of Mitch's demonstrated underwriting expertise and strong leadership qualities will be beneficial to ACE USA. I look forward to working with both Bill and Mitch The name Mitch can mean:
To learn more about ACE Casualty Risk products and services, visit www.ace-ina.com. ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE NYSE See: New York Stock Exchange :ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (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.ace-ina.com. 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 around the world. |
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