Press release from Business Wire
ACE Creates Expanded U.S. Specialty Casualty Business
Monday, June 24, 2013
ACE Creates Expanded U.S. Specialty Casualty Business10:55 EDT Monday, June 24, 2013
PHILADELPHIA (Business Wire) -- The ACE Group today announced the creation of a new specialty casualty division within ACE Westchester, the company's excess and surplus lines insurance company in the United States. ACE Westchester's Specialty Casualty division will feature a wide array of primary and excess casualty products made available through both wholesale and retail brokerage distribution. This new division will offer an expanded set of primary casualty, excess liability, and automobile liability products directed at industries such as construction, auto and railroad transportation, energy and public entities. It will also offer specialty casualty coverage for complex casualty related transactions.
The division brings together ACE USA's retail Custom Casualty unit, including the energy, specialty casualty, and combined general liability and pollution (ACE PaC SM), and public entity product lines with ACE Westchester's primary casualty, excess casualty, and transportation groups. The new ACE Westchester Specialty Casualty division will offer the following products and services:
- Construction, General Liability (Stand-Alone)
- Specialty General Liability
- Energy Liability
- Public Entity
- Railroad Liability
- Transportation Auto including Hazmat
- Pollution and Primary Casualty (ACE PaC)
- Custom products for complex transactions
ACE will continue to offer mono-line excess casualty products separately to wholesale and retail distribution channels through its existing dedicated underwriting units within ACE Westchester and ACE USA, respectively.
“The formation of the new specialty casualty division will make a wider array of products available to our wholesale and retail distribution partners,” said Bruce Kessler, Division President, ACE Westchester. “ACE has long held a well-deserved reputation for expertise and product innovation in commercial specialty casualty insurance, and is committed to expanding its offerings given the evolving risks and exposures of our customers.”
Dean Andrighetto has been appointed to lead the group as Division President, ACE Westchester Specialty Casualty. Mr. Andrighetto will oversee all underwriting, marketing and operations for the business. He will be based in San Francisco, CA and will report to Mr. Kessler.
“Dean is an experienced industry leader with nearly 30 years in the industry. He has overseen ACE Westchester's casualty business for three years,” said Mr. Kessler. “Under his direction, the Specialty Casualty group will broaden ACE's primary casualty offerings and distribution sources.”
Mr. Andrighetto most recently served as President, ACE Westchester Casualty. He previously held the positions of Senior Vice President and National Construction Segment leader, ACE Westchester Casualty and National Construction Segment Leader. Prior to joining ACE in 1998, Mr. Andrighetto held several senior casualty management and underwriting positions with a U.S.-based carrier, a predecessor company to ACE Westchester, and another global carrier.
The ACE Group 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 .
The ACE Group
Carla L. Ferrara, 215-640-4744