ZURICH--Apr 28, 2014--(BUSINESS WIRE)--ACE Group (NYSE: ACE) announced today that Jacques Bonneau has been appointed Executive Vice President, Global Underwriting, with executive responsibility for advancing underwriting excellence across the company.
Working closely with ACE Group Vice Chairman and Chief Operating Officer John Keogh and Vice Chairman John Lupica, as well as with ACE’s product line executives across the company, Mr. Bonneau will be responsible for general underwriting policy, underwriting and underwriting management best practices, and oversight of ACE Group’s global product boards. Mr. Bonneau will also have executive oversight of reinsurance strategies for ACE Group. In this latter capacity, William O’Farrell, ACE Group Vice President and Chief Reinsurance Officer, will now report to Mr. Bonneau.
“I’m pleased to appoint Jacques Bonneau to this important role for our company,” said ACE Group Chairman and Chief Executive Officer Evan G. Greenberg. “We are an underwriting company. Everything at ACE begins with the pursuit of underwriting excellence – it is a never-ending journey. With more than 30 years of industry experience, Jacques is an underwriter’s underwriter. His underwriting insights and instincts will benefit all areas of our company.”
Currently ACE Group Executive Vice President and head of the company’s global reinsurance business, Mr. Bonneau will assume his new responsibilities July 1.
The company also announced today that Ed Zaccaria has been appointed Chief Underwriting Officer, Insurance—North American. Currently Division President, Regional Operations, ACE USA, Mr. Zaccaria in his new role will work closely with ACE’s North American insurance product line leaders and be responsible for underwriting practices, portfolio management, predictive and data analytics and the management of corporate underwriting staff. Mr. Zaccaria will report to Mr. Lupica and Mr. Bonneau.
“There is no better insurance executive to lead our underwriting efforts in North America than Ed Zaccaria,” said Mr. Lupica. “Ed brings over three decades of industry experience and leadership at ACE to this new position. Ed is a thoughtful and deep insurance expert who will be terrific in driving ACE North America’s underwriting initiatives to ensure we sustain a track record of underwriting profitability.”
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of 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.