ACE Limited has named the leadership team it intends to appoint for the company's North American insurance operations. The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of next year.
John Lupica will serve as vice chairman of the parent company and co-president of the North America insurance division. Currently vice chairman of ACE Group and chairman of the company's North American insurance businesses, Mr. Lupica will have executive operating responsibility for the retail commercial property and casualty (“P&C”) insurance businesses that serve the large corporate market in the U.S. and Canada, the excess and surplus lines (“E&S”) market in the U.S. and Bermuda, and the agriculture insurance market in the United States.
Reporting to Mr. Lupica will be the company's business that provides P&C insurance coverage to large domestic and multinational corporations through retail brokers and agents (currently known as ACE USA and the large corporate business of Chubb); the company's U.S.-based E&S and specialty products business (currently known as ACE Westchester and Chubb Custom); the company's insurance operations in the Bermuda wholesale market (currently known as ACE Bermuda and Chubb Atlantic); and the company's agriculture insurance business.
Mr. Lupica's scope of responsibility will include all P&C products, underwriting, claims, actuarial, and support functions related to these businesses. Mr. Lupica also will have executive responsibility for the company's branch operations and the field organization in North America that serves the agents and brokers of Chubb and ACE, and he will have responsibility for North America's information technology group. Mr. Lupica will report to John Keogh, who is currently vice chairman and chief operating officer of ACE Group and who will continue to serve in that role for the parent company.
Dino Robusto will serve as executive vice president of the parent company and co-president of the North America insurance division. Currently president of commercial and specialty lines for Chubb, Mr. Robusto will have executive operating responsibility for the retail commercial P&C insurance businesses serving the middle market and small commercial customer segments for all products in the United States and Canada through a distribution system that includes independent agents and brokers. In addition, the company's personal lines insurance business serving affluent and high net worth individuals and families in North America (currently known as ACE Private Risk Services and Chubb Personal Insurance) will report to Mr. Robusto. Mr. Robusto's scope of responsibility will include all P&C products, underwriting, claims, actuarial, and support functions related to these businesses, as well as a matrixed responsibility for the field organization personnel responsible for the sales and servicing of the middle market, small commercial, and HNW personal lines markets. Mr. Robusto also will have executive responsibility for the company's North American claims organization serving both commercial and personal P&C customers. Mr. Robusto will report to Mr. Keogh and will join the parent company's executive committee.
Harold Morrison, Jr., will serve as senior vice president of the parent company and executive vice president and chief field officer for the North America insurance division. Currently chief global field officer and chief administrative officer for Chubb, Mr. Morrison will be responsible for the branch and field organization, which includes more than 50 offices in the U.S. and Canada. Working with Mr. Lupica and Mr. Robusto, Mr. Morrison will align the field organization with the company's North American growth strategies and will be responsible for servicing and managing the business and company relationships with the company's agent and broker distribution partners in North America. Mr. Morrison will report to Mr. Lupica.
“I am delighted to announce the future North America leadership team for our company,” said Evan G. Greenberg, the chairman and chief executive officer of ACE Group. “John, Dino, and Harold are highly talented, experienced leaders with long track records of success building and managing insurance businesses. We are fortunate to have executives with this kind of leadership skill and industry experience to lead our commercial and personal P&C operations in North America. In John and Dino, the two most senior North American operating executives, I have every confidence in their ability and passion to drive business results, achieve our collective vision, and fulfill the tremendous potential that our two companies together represent. In his continued role as vice chairman of the parent company, John has been and will continue to be a great partner to both John Keogh and me. He will also be a great partner in helping our Chubb colleagues navigate and understand the ACE culture and organization. John Keogh and I welcome Dino and Harold to the future senior management team. We look forward to working with them.”
Learn more: www.acegroup.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].