ACE USA Special Risk Facilities Names Kevin McCracken Atlantic Regional Executive.

PHILADELPHIA--(BUSINESS WIRE)--Nov. 18, 1999--

ACE USA Special Risk Facilities (SRF), which recently announced its new organizational structure since acquiring the CIGNA P&C business in July, has named Kevin McCracken to its executive management team.

As senior vice president, McCracken will lead the Atlantic Region, which includes the SRF headquarters office in Philadelphia and an Atlanta branch.

"Kevin has 22 years of underwriting and management experience in the large-risk business that will serve our organization well," said SRF President Bill Curcio. "He's a seasoned executive with expertise in all areas of the business and enjoys a strong reputation and the respect of clients and brokers in the Atlantic Region. I am pleased to have him serve on our executive management team."

SRF's new executive team will lead the four major business units - Core Casualty, Casualty Specialty, Financial Products and Financial Solutions Group - operating through five regional territories: Northeast, Atlantic, Midwest, Southwest and Pacific.

"By designating a senior vice president to lead each region, we've moved decision-making and accountability closer to our customers. These accomplished field executives will be of equal rank and assume responsibility for the profit and loss margins within their regions," Curcio said.

Prior to joining ACE USA, McCracken spent 11 years at Reliance National as first vice president, Southwest & Mid-Atlantic Risk Management Division, a division he co-founded. During his tenure, McCracken was responsible for underwriting, marketing and production and for establishing Philadelphia as a major market for risk management accounts.

In addition, he served 10 years with CIGNA SRF during his career in the large-risk arena

"I am looking forward to building on the well-deserved reputation SRF has earned among its large-risk customers," McCracken shared. "Serving the Atlantic Region from the Philadelphia office will provide an even greater opportunity to service customers, especially those which I already have strong relationships with."

McCracken is a graduate of LaSalle University (B.S., Marketing and M.B.A., Finance) and resides in Langhorne, PA with his family.

ACE USA, headquartered in Philadelphia, is the U.S. 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.