Press release from Business Wire
ACE Launches New Railroad Insurance Unit; Appoints Catherine Whiddon to Lead Initiative
Monday, June 17, 2013
ACE Launches New Railroad Insurance Unit; Appoints Catherine Whiddon to Lead Initiative14:31 EDT Monday, June 17, 2013
PHILADELPHIA (Business Wire) -- ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, today announced the formation of a new railroad underwriting unit, to deliver railroad liability insurance products and services through a new product offering -- ACE TracksSM -- specifically designed to provide coverage for damages resulting from covered perils, to protect railroad operations and railroad contractor clients.
Catherine Whiddon will serve as Vice President, Railroad Practice Leader, with overall responsibility for delivering specialized railroad insurance solutions in North America. She will be based in Dallas, TX, and report to Dean Andrighetto, Division President, Casualty, for ACE Westchester. She will work with ACE branches throughout the country to deliver the full range of insurance and risk management liability coverage that are specifically designed to meet the unique needs of the railroad transportation industry.
“Railroads and transportation infrastructure play a vital role in our nation's economy, by providing the ability for businesses and organizations to move goods and connect to consumers throughout North America,” said Mr. Andrighetto. “Under Cate's leadership, the new ACE Westchester railroad insurance offering can tailor coverage based on the unique needs of customers.”
“I'm pleased to welcome Cate to ACE,” added Bruce Kessler, Division President, ACE Westchester. “ACE recognizes the value in providing insurance coverages and services by specialized underwriters like Cate, who truly know and understand this unique industry. Investment in the freight rail industry continues, and is fueling growth. There is a real need for products that can mitigate this industry's unique exposures.”
With more than 25 years of experience in casualty and excess & surplus lines insurance, with particular emphasis on the railroad industry, Ms. Whiddon joins ACE from a U.S.-based carrier, where she served as Vice President & Railroad Business Unit Practice Leader. She previously spent eight years at another U.S.-based carrier, serving as Zonal Transportation Manager for the company's Southwest region, and also spent 12 years at a global brokerage firm, where she held several positions of increasing responsibility in the company's transportation practice. A noted railroad insurance industry specialist, Ms. Whiddon has previously developed and led educational development programs for underwriting trainees, focusing on principles in railroad liability insurance and risk management. She received a Bachelor of Arts degree in Psychology from Miami University in Oxford, Ohio.
The following are specific products and services offered by the new ACE Tracks:
- Railroad liability claims made and occurrence forms, including Federal Employers' Liability Act (FELA), foreign rolling stock and bill of lading coverage
- General liability with tailored coverages for railroad contractors
- Railroad protective liability (ISO) filed forms may be available
- Excursion railroad liability occurrence coverage with tailored coverages
Product highlights are summaries only; please see the actual policy for terms and conditions. Products may not be available in all locations and remain subject to ACE Group's underwriting criteria. For more information about ACE Westchester's Railroad Insurance Offerings, please visit our website.
ACE Westchester is part of the ACE Group, which is one of the world's largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com .
ACE North America Communications
Carla Ferrara, 215-640-4744