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ACE USA Appoints Henry O. Schramm II as Senior Vice President, Workers Compensation.


PHILADELPHIA Philadelphia, ancient cities
Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C.
 -- ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced the appointment of Henry O. Schramm II as Senior Vice President, Workers Compensation, as part of the ACE Casualty Risk Division. Based in Philadelphia, Mr. Schramm will be responsible for leading the 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.
 strategies for ACE USA's middle market workers compensation business, including ACE Complete(SM), a web-based underwriting facility that enables contracted brokers to conduct underwriting transactionsCofrom entry to issuanceCovia the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
.

"I'm pleased to welcome Henry to ACE. His proven leadership, strategic vision, and strong broker and client relationships, will be instrumental in contributing to the continued growth and development of workers compensation programs geared to the small to mid-sized employers," said David Brosnan, President, ACE Casualty Risk.

Mr. Schramm has more than 31 years of diverse experience in the insurance arena. He most recently served as Senior Vice President and Chief Underwriting Officer for PMA PMA (papillary-marginal-attached),
n a system of epidemiologic scoring of periodontal disease devised by Schour and Massler in which the symbols denote the areas involved in gingival inflammation.

PMA Progressive muscular atrophy
 Insurance Group, in Philadelphia, where he was responsible for directing the underwriting activities for its commercial lines business, which included the middle market and risk management segments. Mr. Schramm previously spent 22 years with The Hartford Insurance Group in Hartford, CT, where he held a variety of casualty underwriting management roles, culminating with his appointment as Assistant Vice President and Managing Director, Major Accounts Segment. He earned a Bachelor of Arts degree in Political Science and History from George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. , in Washington, DC, and is a graduate of the Executive Education program of Duke University's Fuqua School of Business The Fuqua School of Business is the business school of Duke University in Durham, North Carolina. Fuqua (pronounced few-qua) is one of the youngest U.S. business schools affiliated with elite research universities, but has shown strong performance in rankings by business  in Chapel Hill, NC.

ACE Casualty Risk, a division of ACE USA, specializes in lead umbrella and excess liability, custom primary casualty, construction, environmental liability, public entity, and middle market workers compensation insurance products and services, which are primarily distributed through the retail brokerage community to the commercial market.

For more information about ACE Casualty Risk and its range of products and services, please visit www.ace-ina.com. To review additional features and check submission requirements, please visit: www.acecomplete.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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 4, 2006
Words:425
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