ACE USA Appoints James Macdonald Chief Underwriting Officer.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Sept. 24, 2002 ACE USA announces the appointment of James Macdonald to the position of chief underwriting officer. Macdonald reports to Susan Rivera, president of ACE INA Ina (ē`nä), city (1990 pop. 60,062), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural and industrial center with a famous agricultural school. Holdings, Inc. Based in Philadelphia, Macdonald will have overall management responsibility for the underwriting function for ACE USA and ACE Canada. "ACE's commitment to underwriting discipline is one of our most valuable assets," said Susan Rivera, president, ACE INA Holdings, Inc. "Jim brings to this position the kind of depth of experience and breadth of market breadth of market The underlying strength of stock market movements in an upward or a downward direction. Determining breadth of market is important to technical analysts when they forecast whether a given market movement is likely to persist. knowledge that will allow us to take full advantage of many unique opportunities for the benefit of our clients and help us achieve our strategic goals." Macdonald has more than thirty years of insurance industry experience and is an experienced consultant, author and public speaker. He joined ACE in October 2001 as senior vice president and chief underwriting officer with ACE Risk Management. Prior to joining ACE Risk Management, Macdonald served as 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. for CNA (Certified NetWare Administrator) See Novell certification. HealthPro, the Professional Liability Group (PLG PLG Plasminogen PLG Poly(Lactide-co-Glycolide) PLG Progressive Librarians Guild PLG Private/Light Goods (UK vehicle taxation class) PLG Programming Languages Group PLG Professional Liability Group ) of CNA Financial of Chicago and as executive vice president, Specialty Operations for Continental Insurance Company. He also served as president, General Casualty Group for American International Group's (AIG) American Home Assurance Company, and as chief underwriting officer for AIG Risk Management. Earlier experiences include managerial and underwriting roles with Munich American 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. , Marsh & McLennan, Ian Elliott Limited (Canada), and General Reinsurance. Macdonald received a bachelor of arts degree in English Literature from University of Notre Dame. ACE USA and ACE Canada are operating divisions of ACE INA Holdings Inc., whose ultimate parent is ACE Limited (NYSE NYSE See: New York Stock Exchange : ACE), provides insurance and reinsurance products and services through operating subsidiaries for a diverse group of clients in the United States and Canada. Additional information can be found at www.ace-ina.com. |
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