ACE USA Appoints Patricia Goudarzi Executive Vice President of ACE Select Markets.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Oct. 6, 2003 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 Patricia Goudarzi as Executive Vice President, ACE Select Markets. ACE Select Markets provides specialty personal lines products which are distributed through large specialty agents, alliances and affinity groups A special interest group. This is a marketing term for a group of people with similar interests. , utilizing internet technology. ACE Select Markets also has the responsibility to leverage this technology to more efficiently distribute ACE USA's small commercial products in the marketplace. The ACE Select Markets specialty personal lines products include coverage for recreational vehicles, collector automobiles, motorcycles, recreational marine, credit card enhancement programs, and disaster mortgage protection. Based in Philadelphia, Ms. Goudarzi will report to Susan Rivera, President, 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. "Success in today's specialty marketplace demands both the speed and efficiency that a technology-based distribution system can deliver," stated Ms. Rivera. "As a leader in the Recreational Marine insurance market we have utilized technology to increase our distribution capabilities while enhancing the processing efficiency for ACE and our agents and clients. We have leveraged this technology and introduced web-based solutions to expand the distribution of our recreational vehicle, collector car, and motorcycle products and services. Initially we will focus on systems that service the large specialty agents and affinity groups. We are currently expanding the use of this technology to distribute our commercial products through small commercial agents." Most recently, Ms. Goudarzi has been senior vice president of ACE USA Power Products where she was responsible for risk management products focused on new risks emerging from the deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the electric power market. Ms. Goudarzi has over 15 years marketing and underwriting experience in the electric power business. Earlier in her career, Ms. Goudarzi held senior roles in the U.S. Department of Energy and with LG&E Energy Marketing. Ms. Goudarzi holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in mathematics from LeMoyne College in Syracuse, New York
Syracuse (IPA: and a MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration with a concentration in management science from Virginia Polytechnic and State University. ACE USA is a U.S.-based operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE). ACE USA 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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