ACE Announces Executive Appointment in its North America Property Division

PHILADELPHIA--(BUSINESS WIRE)--The ACE Group of insurance and reinsurance companies today announced that it has appointed Paul O’Neill as Senior Vice President and Chief Underwriting Officer, for its North America Property & Specialty Lines Division. Mr. O’Neill will set and maintain all underwriting, pricing and reinsurance strategies, policies and procedures for ACE North America Property, to ensure effective implementation of the division’s business plan. Based in Atlanta, Mr. O’Neill will report to Paul McNamee, President, North America Property & Specialty.

“His proven leadership, strategic ability, and in-depth knowledge across all of our operating units will be extremely valuable as we continue to build and enhance our North American property operation.”

“Paul’s appointment is clear recognition of his significant contribution to our North American Property and Specialty business over many years,” said Mr. McNamee. “His proven leadership, strategic ability, and in-depth knowledge across all of our operating units will be extremely valuable as we continue to build and enhance our North American property operation.”

Mr. O’Neill has more than 30 years of insurance industry experience, and has served in a leadership capacity in a variety of property, marine and energy-related underwriting units at ACE and its predecessor organizations. In addition to his new role as Chief Underwriting Officer, he retains responsibility as the ACE Program Relationship Manager for Starr Tech, a managing general agent specializing in energy and technical property risks, as well as continuing to lead efforts to provide ACE’s insurance and risk management solutions to the nuclear industry. In addition, he will continue to head up the ACE Property & Marine Cash Flow unit, overseeing sales and marketing of global property and marine programs involving captives.

Mr. O’Neill represents ACE as Vice Chairman of the Board of Directors of American Nuclear Insurers, and serves on the organization’s Executive and Security Committees. Mr. O’Neill holds a Bachelor of Science degree in mechanical engineering from Carnegie Mellon University, in Pittsburgh, Pa.

Headed by ACE Limited, (NYSE:ACE) the ACE Group’s core operating insurance companies are rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. The ACE Group provides insurance and reinsurance for a diverse group of clients around the world. To learn more about the ACE Group, please visit: www.acelimited.com.