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Press release from Business Wire

Rain and Hail Announces Executive Management Promotions

Thursday, April 12, 2012

Rain and Hail Announces Executive Management Promotions12:41 EDT Thursday, April 12, 2012 PHILADELPHIA (Business Wire) -- Rain and Hail, the agricultural insurance division of the ACE Group, today announced several promotions among its executive management team. Bob Haney has been appointed Chairman of Rain and Hail. Through his nearly thirty-year career with Rain and Hail, Mr. Haney has held various positions of increasing responsibility in claims and executive management, serving most recently as President of Rain and Hail. Mr. Haney will continue to be based in Johnston, Iowa. Michael Coleman has been appointed President, Rain and Hail, with executive responsibility for leading the company's day-to-day operations. Mr. Coleman has been with ACE and its predecessor companies for more than twenty five years. He has been responsible for ACE's crop business and served as a Director on the Rain and Hail board. Following ACE's acquisition of Rain and Hail in 2010, Mr. Coleman assumed an expanded role, including responsibility for the farm property and casualty businesses in 2011, and the commercial agriculture operations with ACE's acquisition of Penn Millers in late 2011. He will also be based in Johnston, Iowa. Scott Arnold, Senior Vice President of Rain and Hail, has been appointed Executive Vice President, Field Operations. Mr. Arnold will oversee all marketing and business development operations, including management of the company's nine field offices. He will drive the company's distribution strategy with a focus on expanded specialty product offerings for the farm and commercial agriculture segments. Since joining Rain and Hail in 1989, he has held several positions of increased responsibility, including National Marketing Manager. “Rain and Hail has built a leading franchise in the multi-peril crop insurance and commercial agriculture market,” said John Lupica, Chairman, Insurance-North America. “These appointments speak to the depth of the company's management team and position the company well for continued profitable growth. We are delighted that Bob will take on the chairman role and continue to provide his leadership to this important business.” Headquartered in Johnston, Iowa, Rain and Hail, one of the ACE Group of companies, is the second largest provider of multi-peril crop insurance and a leading provider of crop hail and commercial agricultural insurance to farmers and businesses in the United States and Canada. The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients.Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries.Additional information can be found at: www.acegroup.com. ACE North America CommunicationsCarla Ferrara, 215-640-4744carla.ferrara@acegroup.com