ACE USA Appoints Assistant Vice President Errors and Omissions.HAMILTON, Bermuda--(BUSINESS WIRE)--March 17, 1999--ACE USA, a subsidiary of ACE Limited (NYSE NYSE See: New York Stock Exchange :ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) is pleased to announce the appointment of John P. Washington John P. Washington (18 July 1908 - 3 February 1943) was a Roman Catholic priest and a lieutenant in the United States Army who found posthumous fame as one of the Four Chaplains who died ministering to their soldiers on the sinking USAT Dorchester to the new position of Assistant Vice President Errors and Omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. (E&O). Based in San Francisco, Mr. Washington is responsible for underwriting professional liability accounts generated on the West Coast. His territory includes: California, Hawaii, Oregon, Washington, Colorado, Arizona, New Mexico, Utah, Idaho, Wyoming, Alaska, Montana, Nebraska, North Dakota, and South Dakota. Mr. Washington brings with him 13 years' experience in the insurance industry including eight years in the E&O field. He joins ACE USA from AIG/Western Risk Specialists where he was the regional specialist for employment practices and professional liability. He previously was involved with a number of diverse accounts for Marsh and McLennan and was an account executive for Victor O. Schinnerer where he underwrote Architects and Engineers Professional Liability. Mr. Washington reports to Senior Vice President E&O Rosemarie Rogers who is based in New York. "I am delighted to announce this appoint," said Ms. Rogers. "John will be concentrating his efforts on the West Coast, and we are looking forward to broadening our client base and generating new E&O business." On January 12, 1999, ACE Limited agreed to acquire the international and domestic property and casualty businesses of CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Corporation for US$3.45 billion in cash. The transaction, which is subject to receipt of necessary regulatory approvals and other customary closing conditions, is expected to be completed by the end of ACE's fiscal 1999 third quarter. 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. to a diverse group of international clients. Operating subsidiaries are based in Bermuda, the United States, the United Kingdom (Lloyd's) and the Republic of Ireland. As of December 31, 1998, ACE Limited had approximately $8.8 billion in assets and approximately $3.9 billion in shareholders' equity. ACE Limited is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol ACL. |
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