News Releases

PHILADELPHIA--Aug 9, 2012--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group, today announced that Caroline Clouser has been appointed Executive Vice President, Medical Risk & Life Sciences. In this expanded role, Ms. Clouser will oversee the underwriting, marketing and operations for ACE USA’s Medical Risk business, with the added responsibility for the Life Sciences division. Ms. Clouser, who previously served as Executive Vice President, ACE Medical Risk, will be based in Jersey City, N.J., and will continue to report to Ross Bertossi, Division President, Casualty Lines.

Ms. Clouser has more than 21 years of insurance industry experience, with particular emphasis in the areas of claims, underwriting and compliance in the medical malpractice industry. She has held several positions with ACE Medical Risk, including Senior Vice President and Chief Underwriting and Compliance Officer, where her responsibilities included oversight of underwriting execution for the organization, and profit and loss responsibility for the medical professional liability products, including management of the underwriting team. Ms. Clouser joined ACE in 2002, and spent two years working in ACE’s offices in Zurich, Switzerland, leading the effort to build the medical professional and products liability business on a global basis.

“Medical Risk is an important specialty division for ACE USA, celebrating its ten-year anniversary, and has significantly expanded its product offerings and geographic reach during this time,” said Chris Maleno, Chief Operating Officer, ACE USA. “Caroline’s international experience, underwriting success and leadership capabilities make her well-suited for this key role.”

“As a founding member of ACE Medical Risk, Caroline has been an integral part of building this business into an industry-leading franchise,” said Mr. Bertossi. “This appointment reflects our continued strong commitment to the medical malpractice and life science markets, and allows us to build upon our success in the medical risk business.”

Ms. Clouser received a Bachelor of Science degree in Psychology from the University of Connecticut, and a Master of Business Administration degree from New York University’s Stern School of Business. She holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Claims (AIC) professional designations.

ACE USA is the U.S.-based retail operating division of the ACE Group, and is rated A+ (Superior) by A.M. Best Company and AA- (Very Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.acegroup.com/us. 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.