Philip V. Bancroft will join the ACE Group of Companies as chief financial officer of ACE Limited, effective immediately. Jealousy watch: Mr. Bancroft will be based in Bermuda.

Things were busy at Conseco, which announced that Julio A. Barea and Carol Bellamy were elected as two new members of its board of directors. Conseco also announced that it named Charles H. Chuck Cremens as president and CEO of its subsidiary, Conseco Finance. Cremens succeeds Bruce Crittenden who resigned to pursue other interests.

USAA has announced its board of directors has appointed Robert G. Bob Davis to the position of chairman-elect of the association. Davis will also continue as chief executive officer; he succeeds General Robert T. Herres as chairman.

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