ACE USA Appoints Mark Benson as Senior Vice President, Workers Compensation for ACE Casualty Risk.Business Editors PHILADELPHIA--(BUSINESS WIRE)--March 4, 2004 ACE USA, the U.S.-based retail operations of the ACE Group of Companies (NYSE NYSE See: New York Stock Exchange :ACE), today announced the appointment of Mark Benson Mark Richard Benson (born 6 July 1958) is a former International cricketer and now a ICC Elite Panel cricket umpire - he played for England in one Test match and one one-day international in 1986. Benson was born in Shoreham-by-Sea, Sussex, England. as Senior Vice President, Workers Compensation for ACE Casualty Risk. Based in Wilmington, Del., Mr. Benson will serve as the senior 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. officer of workers compensation insurance for ACE Casualty Risk. He will be responsible for managing the underwriting strategies for ACE USA's web workers compensation and middle market workers compensation businesses, including ACE Complete(SM), a web-based underwriting facility that enables contracted brokers to conduct underwriting transactions -- from entry to issuance -- via the Internet. "With the launch of ACE Complete last year, ACE USA set the standard for effectively and efficiently underwriting workers compensation programs for the small to mid-sized employers," said Geoff Gregory, President, ACE Casualty Risk. "Mark's demonstrated leadership and extensive experience in developing underwriting strategies for automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. workers compensation processes will help us build on the success of ACE Complete and ensure a consistent underwriting approach and delivery across our underwriting units. He will also lead our entry into workers compensation for middle market risk." Mr. Benson previously served as Director of Workers Compensation for SAFECO Insurance Group in Seattle, Wash., responsible for developing and implementing risk selection and pricing strategy for small and middle market businesses, including online distribution. From 1996 to 2001, Mr. Benson served as Executive Vice President and Founder of CyberComp, a fully automated workers compensation delivery system affiliated with Reliance National Insurance. Other previous positions include serving as a consultant for Kemper Employers Group The Employers Group is a nonprofit association of employers based in Los Angeles, California. Founded in 1893 as the Merchants Association, the organization's initial goal was to secure the open shop in all workplaces in the city. , President of Specialty Workers Compensation for AIG's American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Insurance Company and Vice President of Underwriting for Transamerica/TIG Insurance. 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 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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