ACE Westchester Specialty Group Forms New Professional Risk Division; David Lupica Appointed Executive Vice President.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Sept. 5, 2003 ACE Westchester Specialty Group, the U.S.-based wholesale focused excess and surplus property and casualty operation of the ACE Group of Companies (NYSE NYSE See: New York Stock Exchange :ACE) today announced the formation of its Professional Risk Division. David Lupica has been appointed Executive Vice President and will have overall management responsibility of this new division. Based in Atlanta, Ga., Mr. Lupica will report to Brian Dowd Dowd is a derivation of an ancient surname which was once common in Ireland but is now quite rare. The name Dowd is an Anglicisation of the original Ui Dubhda, through its more common form O'Dowd. , President of ACE Westchester Specialty Group. ACE Westchester Specialty Group's Professional Risk Division will comprise Management Liability, Professional Liability and the strategic alliance with the Wachovia-owned E-Risk Services. The Professional Risk Division will focus its distribution through wholesale brokerage firms throughout the U.S. The retail brokerage distribution of professional insurance products will continue to be conducted by ACE USA's Professional Risk Division, part of ACE Diversified Risk. David Lupica most recently served as Executive Vice President of the ACE USA Professional Risk Division. In his new role, Mr. Lupica will be responsible for development of the wholesale distribution strategy for ACE Westchester Specialty Group's new Professional Risk Division. "David's historical industry perspective, product knowledge, demonstrated leadership and proven talent in managing start-up operations will serve him well in this new venture," said Mr. Dowd. Prior to joining ACE USA in January 2001, Mr. Lupica served as worldwide Product Line Manager responsible for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. operations of Starr Excess Liability Company Inc., of Bermuda, and was subsequently promoted to President. He also served as Senior Vice President for Alexander & Alexander (now Aon), heading up the Insurance Company Practice, and as Senior Vice President for Alexander & Alexander's Financial Services Group. Mr. Lupica has also held several positions at American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. (AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ). Mr. Lupica is a graduate of Hobart and William Smith Colleges Hobart and William Smith Colleges, located in Geneva, New York, are together a liberal arts college. The Colleges adhere to a "coordinate system", which retains some elements of the original single-sex institutions, though the student experience is largely co-ed. , where he received his bachelor of arts degree. ACE USA and ACE Westchester Specialty Group are part of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE). ACE Limited 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. products and services through operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. for a diverse group of clients around the world. Additional information can be found at www.ace-ina.com. |
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