ACE Appoints Teresa Black Senior Vice President & Chief Operating Officer,
ACE USA Surety
PHILADELPHIA -- October 17, 2013
ACE USA, the U.S. based retail operations of the ACE Group, today announced
the appointment of Teresa Black as Senior Vice President & Chief Operating
Officer, ACE USA Surety. Ms. Black, who most recently served as Senior Vice
President, Distribution Management, ACE USA, will provide strategic leadership
to the underwriting team and play a critical role in developing and
cultivating new client and broker relationships, ensuring that clients and
distribution partners leverage ACE’s growing international surety
capabilities. She will also collaborate with the underwriting team to execute
the business plan, ensure the attainment of growth and profitability targets,
and oversee the division’s marketing initiatives. Ms. Black will be based in
New York City, and report to Stephen Haney, Division President, ACE USA Surety
and Chief Underwriting Officer, Global Surety, ACE Group.
“We’re pleased to welcome Teresa in serving as a key executive in this
newly-created key role,” said Mr. Haney. “Her proven underwriting success and
leadership in building product line relationships within the surety arena will
complement an already strong and dynamic underwriting team as we continue to
build our offerings for clients in Europe, Latin America, and other key
With more than 20 years of insurance industry experience, Ms. Black rejoined
ACE in 2012 from the New York City-based offices of a U.S.-based carrier. 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, Ms. Black served in an underwriting management
capacity for several carriers, focusing on D&O product lines. She 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
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.
ACE North America Communications
Carla Ferrara, 215-640-4744
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