ACE USA Names Frank McNamee Senior VP of Marketing.

PHILADELPHIA--(BUSINESS WIRE)--Aug. 16, 1999--

ACE USA has appointed Francis J. McNamee as senior vice president of Marketing at ACE USA.

In this role, he is responsible for producer relations and management, distribution and marketing activities for ACE USA.

"Frank's thorough understanding of the insurance industry, combined with his business and marketing vision, will be a tremendous asset to the achievement of our goals, and a great assistance to our business units," said Dennis Reding, president and CEO of ACE USA. "We view this new role as an important step in strengthening customer and producer relations, and in enhancing our product and service focus. We are pleased to welcome Frank to our team of ACE USA leaders."

Prior to this appointment, McNamee served for five years as senior vice president, Distribution and National Sales Management for CIGNA's Commercial Insurance Services. His responsibilities included developing national sales and marketing strategies for large and multi-state clients within the Property & Casualty unit.

While at CIGNA, he has also served as senior vice president of Special Risk Facilities, where he was responsible for national branch network operations.

Since joining CIGNA in 1982, he has held various positions, including senior vice president of the International and Broker Division, president of Syndicate Managers, and vice president of Specialty Lines.

In addition, McNamee served as president of INAC Corporation, CIGNA's premium financing subsidiary, and as senior vice president of Loss Control Services for the Insurance Company of North America, a CIGNA subsidiary.

A graduate of the University of Dayton (B.S., Mechanical Engineering, 1970) and Harvard Business School's executive management program (1981), McNamee received his Associate in Risk Management (ARM) from the Insurance Institute of America. He is a Certified Mechanical Engineering Technologist, and a member of the International Business Executives.

ACE USA, headquartered in Philadelphia, is the U.S. insurance operations of the ACE Group of Companies, headed by ACE Limited (NYSE:ACL). On July 2, 1999, ACE Limited completed the acquisition of the property and casualty insurance business of CIGNA Corporation. ACE USA provides insurance products and services through the U.S. operating subsidiaries.

The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.