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  Home > Media Center > Press Releases > 1999 > ACE USA
  Press Release
Media Center
 
 
ACE USA
HAMILTON, BermudaJuly 02, 1999

ACE USA  is the combined business of ACE USA, formerly Westchester Specialty, which was acquired by ACE LImited in 1998, and the U.S. P&C operations acquired from CIGNA in 1999. The operation is headed by President and Chief Executive Officer, Dennis Reding. Today ACE USA is organized into 11 businesses.

Leadership of ACE USA's businesses include:

Jim Engel  will lead Brandywine Holdings, which includes the run-off operations of CIGNA P&C and ACE USA. Engel, who has nearly 30 years of experience in claims and operations at INA and CIGNA, has successfully managed Brandywine since it was created in 1996.

Brian Dowd will lead the Property business. Dowd will relocate to Philadelphia from ACE Bermuda, where he has headed the excess property team for the past two years. He joined ACE in 1995 after seven years with Arkwright Mutual Insurance as senior underwriting officer.

Jeff Cassidy will lead the Aerospace business, Cassidy will move to Philadelphia from ACE Bermuda, where he has managed the company's satellite product line for the past two years. Cassidy previously served as vice president for United States Aviation Underwriters, Inc. He has more than 9 years in the aviation insurance field and another 10 years in the engineering and consulting field.

Roy Salley will lead the Marine business. Salley has been a marine underwriter for CIGNA P&C and INA for more than 25 years, and has managed the marine and aviation business for the past seven years. He also is the vice-chairman of the American Institute of Marine Underwriters.

Bob Gaffney will head Diversified Products . Gaffney served as the chief financial officer for ACE USA since 1996. He brings more than 28 years of executive experience with Pennsylvania Manufacturers Corporation, USF&G and 13 years with INA in Philadelphia in various financial positions.

Marc Vivori will manage our Warranty business, headquartered in Duluth, GA. He joined ACE USA in March 1998 after heading AIG's North American Extended Service Contract division in New York.

Elaine Trischetta will lead Professional Risk Services . Trischetta joins ACE USA from Reliance National, where she served as executive vice president of the Excess & Surplus Lines Division. She brings more than 17 years of experience in excess and surplus lines, professional liability, and excess casualty business.

Marshall Turner will head Westchester Specialty , which will remain in Atlanta. Turner has headed the property line for ACE USA since 1996 and has more than 18 years of experience with The Hartford, Zurich, and ACE USA.

Sam Cupp will lead U.S. International . He joined CIGNA in 1979 and has headed the North American operations of CIGNA International for the past 2 years.

The product line leaders in Special Risk Facilities will report directly to Dennis Reding until a new leader is named for this strategic large-risk business specializing in casualty and financial lines.

Also, a leader will be named later for Commercial Insurance Services, which will be managed profitably while exploring all alternatives, including a possible sale.

The rest of the ACE USA management team will include the following support areas:

Mark Bender, Administration
Eric Drummond-Hay, Actuarial
Jim Ely, Communications
Rich Franklin, Business Research & Development
Bill Garrigan, Finance
Rick Gieryn, General Counsel
Ted Hitchcock, Human Resources
John Intondi, Claims, including ESIS
Tom Valerio, Transition Management


Contact Information

Investor Contact:
Helen Wilson
(441) 299-9283


Media Contact:
Wendy Davis Johnson
(441) 299-9347


     
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