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Ace Ltd. has outlined claims leadership in its North America Insurance division, all of which will become effective with completion of the acquisition of Chubb, which is expected in the first quarter of next year, Ace said in a statement Tuesday.
Jeffrey J. Miller was named executive vice president, senior claims officer, North America, for casualty, workers compensation and accident & health. Mr. Miller is currently senior vice president, worldwide third-party claim manager and senior claim legal officer for Chubb.
Douglas Poetzsch will become executive vice president, senior claims officer, North America, for property and professional liability. He is now executive vice president and head of North American claims for Ace.
The North American claims organization will be organized by major product line including property; casualty; professional liability; and workers compensation and accident & health benefits, according to the statement.
William C. Turnbull, Jr. will become senior vice president and lead the property business. He is currently senior vice president, worldwide first party claim manager for Chubb, and will report to Mr. Poetzsch.
Norm Rafsol will become executive vice president and lead the professional lines business, reporting to Mr. Poetzsch. Mr Rafsol is currently executive vice president, senior claims officer, professional risk claims for Ace.
Jeff Block will become senior vice president and lead the workers compensation and A&H business. He is currently senior vice president, senior claims officer, workers compensation and A&H claims for Ace and will report to Mr. Miller.
Mr. Miller also will lead the casualty business in addition to his role as senior claims officer, and will also be responsible for the North American House Counsel, Chubb's captive law firm that will be integrated with the combined company, according to the statement.
David P. McKeon will become senior vice president and lead the regional claims management field organization. He is currently, senior vice president, eastern claim territory manager for Chubb and will report to Mr. Miller.
Clyde Douglas will become senior vice president and lead the company's four North American claims service centers in Chesapeake, Virginia; O'Fallon, Missouri; Phoenix;and Simsbury, Conn. He is currently senior vice president, chief claims officer, for Ace private risk services, and will report to Mr. Poetzsch.
Susan Watts will become senior vice president and lead operations for all North American claims, reporting to Mr. Poetzsch. She is currently senior vice president, global claim center manager for Chubb.
Krista Glenn will become senior vice president and lead the multinational claims team, reporting to Mr. Miller. She is currently senior vice president, senior claims officer, multinational claims, for Ace.
Ace further announced that Jeff Trimarchi, senior vice president, claims and claims counsel for Ace, who reports to Frank Lattal, Chief Claims Officer for ACE Group who as previously announced will continue to serve in that role and Joseph S. Clabby, who will continue to run the claims operations for Bermuda, which will include the integrated operations of ACE Bermuda and Chubb Atlantic, said the statement.
Bob Omrod, president, Brandywine Holdings, who reports to John Lupica, who will serve as Vice Chairman of the new Chubb Group and Co-President of the North America Insurance division will continue to run Brandywine, which comprises the North American run-off operations of Ace, said the statement.
“I have every confidence in the experience, vision and commitment of this team to lead a claims organization that is unparalleled in the industry.” Evan G. Greenberg, Chairman and CEO, ACE Group, said in the statement.
(Reuters) — Swiss insurer Ace Group Ltd. on Tuesday announced a $5.3 billion four-part bond to help finance its $28.3 billion acquisition of Chubb Corp., and is expected to price the trade later in the day.