ACE USA Appoints Kathleen Muedder as Senior Vice President, Emerging Issues.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--March 16, 2004

ACE USA, the U.S.-based retail operations of the ACE Group of Companies, today announced the appointment of Kathleen Muedder, CPCU, as Senior Vice President, Emerging Issues. Ms. Muedder will focus on identifying strategic opportunities for growth within ACE USA's business units, with a primary focus on workers compensation.

"As a leader in the workers compensation field, ACE USA is committed to meeting customer needs by identifying and developing innovative and beneficial programs," said James Macdonald, Chief Underwriting Officer for ACE USA. "With extensive experience in domestic and international workers compensation, Kathy is ideally suited to help ACE USA anticipate market trends, grow our product portfolio and further strengthen our position as an industry leader."

Ms. Muedder most recently served as the Worldwide Practice Leader for Workers Compensation and Risk Office Executive at Royal and Sun Alliance in Charlotte, N.C. Prior to that, she was Associate Executive Director at Workers Compensation Research Institute (WCRI) and Vice President, Corporate Underwriting and Director of Government Affairs for Zurich Insurance. Her experience has included assignments in New Zealand, Australia, Singapore, the United Kingdom and Canada. She began her career with Allstate Insurance as an agent and underwriter.

A seasoned insurance professional, Ms. Muedder has authored numerous articles for publications such as Asia Insurance Review and Human Resources Planning. She also has served as the Chairperson of the American Insurance Association (AIA) Workers Compensation Committee, Chair of the New York Compensation Insurance Rating Board and a board member for the Workers Compensation Research Institute (WCRI), California Workers Compensation Institute (CWCI), National Council on Compensation Insurance (NCCI) and National Workers Compensation Reinsurance Pool (NWCRP).

Ms. Muedder earned a bachelor of science degree in insurance from Roosevelt University in Chicago and has completed advanced studies at Northwestern University's Kellogg School of Business. She also holds the Chartered Property Casualty Underwriter (CPCU) designation.

ACE USA is a U.S.-based operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE). 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.