ACE USA Announces Executive Appointments.

Christopher A. Maleno Named President, ACE USA Regional Operations -- Joseph S. Clabby Named President, ACE USA West

PHILADELPHIA -- ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the appointments of Christopher A. Maleno as President, ACE USA Regional Operations and Joseph S. Clabby as President, ACE USA West.

Based in New York, Mr. Maleno will have overall responsibility for the ACE USA field operations, which drive distribution strategies with brokers on a national and regional basis, as well as expanding ACE USA's product and marketing approach at the local level. In addition, Mr. Maleno will have responsibility for ACE USA's focused customer segmentation model and strategies, which deliver customized products and services to large national accounts, middle market corporate risk accounts, and small commercial businesses. The field operations and customer segmentation functions will report into Mr. Maleno.

"We are very pleased to have Chris join the ACE USA management team. Chris brings outstanding insurance leadership experience to ACE," said John Lupica, President and CEO, ACE USA. "Chris has a clear understanding of the P&C industry and his experience in the marketplace makes him an excellent choice to drive our core distribution and customer segmentation strategies."

Mr. Maleno brings to ACE nearly 20 years of diverse experience in the insurance arena. He most recently served as Chief Operating Officer and Executive Vice President of American Home, a unit of AIG. Prior roles include key senior leadership positions in casualty underwriting and regional operations management at AIG and Chubb. Mr. Maleno received a bachelor of science degree in finance from the University of Vermont and an MBA from Columbia University.

Mr. Clabby, who formerly served as Executive Vice President, ACE USA Regional Operations, will assume the leadership role for ACE USA's Western operations, overseeing the regional operations and executive leadership in Los Angeles, San Francisco, Dallas, and Houston. Mr. Clabby will relocate to San Francisco and report to Mr. Maleno.

"As the primary strategist behind our regional growth strategy for the past year and a half, Joe has assisted in building an organization that has produced outstanding results," said Mr. Lupica. "The Western regional operations are critical to our success at ACE USA. I am confident that Joe's presence in the Western regions will prove to be invaluable."

Mr. Clabby's prior roles include executive positions with ACE Financial Solutions and more than 20 years experience in banking, brokerage, and insurance underwriting. He holds a bachelor of science degree in psychology from Fordham University, a master's degree in education from Montclair State University, and an MBA from Pace University.

ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: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 for a diverse group of clients around the world.