News Releases

PHILADELPHIA--June 25, 2012--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group, today announced the appointment of Teresa Black as Senior Vice President, Distribution Management. Ms. Black returns to ACE in this new role, and will work collaboratively with ACE USA regional teams across the U.S., responsible for managing strategic broker relationships. In addition, she will develop plans to help drive broker relationships on a national level. Ms. Black will be based in New York City and report to Ed Zaccaria, President, ACE USA Regional Operations.

“This position is integral in helping us deliver optimum service to our brokers by providing a key point of contact, and also helping us to better track, manage and grow broker relationships across ACE USA,” said Mr. Zaccaria.

“We are pleased that Teresa has rejoined ACE. Her proven underwriting success and experience in building individual product line relationships, cross selling and service-orientation makes her well-suited for this key role,” said Chris Maleno, Chief Operating Officer, ACE USA.

With nearly 20 years of insurance industry experience, Ms. Black rejoins ACE from the New York City-based offices of Freedom Specialty Insurance, part of the Nationwide Group of Companies. Ms. Black previously served as Vice President, National Segment Leader for ACE USA’s New York region, and as Assistant Vice President in the ACE Professional Risk Division, where she co-created and implemented a training program for professional liability underwriters -- a two-year program still in place. Prior to her tenure with ACE, she served in an underwriting management capacity for several carriers, focusing on D&O product lines. Ms. Black received a Bachelor of Arts degree from Binghamton University, located in Binghamton, New York, and a M.B.A. in Finance from The Leonard Stern School of Business at New York University.

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 http://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