ACE Appoints Joseph Clabby to Lead New Global Accounts Division to Serve Global Multinational and North American National

  ACE Appoints Joseph Clabby to Lead New Global Accounts Division to Serve
  Global Multinational and North American National Clients; Regional Global
  Accounts Leaders Named

Business Wire

NEW YORK -- October 25, 2013

ACE Group announced today that Joseph Clabby has been named Division
President, Global Accounts. In this new role, Mr. Clabby will lead ACE’s
division serving large multinational customers around the globe with complex
underwriting and servicing needs. The new Global Accounts division encompasses
regional teams of global client and claims executives and multinational
servicing units, the North American National Accounts segment, and the global
services group that manages the award-winning ACE Worldview® information
portal for clients and brokers.

Joseph Clabby, Division President, Global Accounts, ACE Group (Photo: Business

Joseph Clabby, Division President, Global Accounts, ACE Group (Photo: Business

Currently Regional President of ACE’s Continental Europe operations, Mr.
Clabby will relocate from Paris to New York and report to John Keogh, Vice
Chairman and Chief Operating Officer, ACE Limited, and John Lupica, Chairman,
Insurance – North America.

In addition, John Alfieri (North America), Michael Furgueson (Europe, Middle
East and Africa) and Suresh Krishnan (Asia Pacific and Latin America) will
lead the Global Accounts division for their respective regions, reporting to
Mr. Clabby. These executives will have responsibility for delivering ACE’s
global capabilities to multinational clients and brokers in their regions,
including the company’s broad product portfolio, sophisticated claims and risk
management services, advanced technology, regulatory compliance expertise and
network of local operations and partners in more than 190 countries. They will
also oversee regional client and claims executives and servicing teams that
are focused on multinational clients and brokers. Mr. Alfieri will also have
responsibility for ACE’s National Accounts segment in North America.

“The new Global Accounts division at ACE represents a further investment and
significant commitment to both our large National Accounts customers in North
America and our multinational customers around the globe,” said Mr. Keogh.
“More and more companies are finding opportunities to do business outside
their home countries. As a result, they need an insurance company that can
help them with their global risk exposures. ACE is one of the very few
insurers capable of coordinating underwriting across multiple lines and
geographies and delivering truly global services to both brokers and clients.
Global Accounts brings to bear all of ACE’s capabilities – our people,
products and network infrastructure – to serve this important and growing

“From his experience leading both our Continental Europe business and regional
operations in the U.S., Joe has gained important insight on the challenges
large corporate and multinational companies face with their global insurance
programs. I am confident in Joe’s ability to marshal our resources to serve
these customers and continue to build ACE’s position as an industry leader.
With a wealth of experience in compliance, coverage, and global program
structures, John, Mike and Suresh will serve a critical role in driving our
distribution and client strategies at the local level to deepen our offerings
in this segment,” Mr. Keogh added.

“Joe is a well-respected executive and we are pleased to welcome him back to
the U.S.,” said Mr. Lupica. “He and his team will form the cornerstone of our
large account and multinational strategy in North America as we continue to
invest in expanded products and services for this segment.”

Mr. Clabby joined ACE’s Financial Solutions business in 2001, after advancing
through management positions over the previous 15 years with reinsurance,
brokerage and financial firms. He was named Financial Institutions Practice
Leader for ACE’s U.S. retail broker-distributed business in 2004 and served as
President of Regional Operations for that business from 2005 until he was
named to his current role in Europe in 2010.

Mr. Alfieri has more than 30 years of experience in the insurance industry.
Since 2010, he has served as Division President of the company’s Global Client
Executives practice in addition to his responsibilities as Regional Executive
Officer for ACE's New York region, a position he has held since joining the
company in 2004.

Mr. Furgueson has nearly 30 years of experience in the industry. He has been
Division President of ACE’s Multinational Client Group since 2009. Prior to
that, he served as Executive Vice President, International Commercial and
Multinational Lines, after leading ACE’s Europe, U.K. and Ireland businesses.
Mr. Furgueson joined ACE in 2002 as Executive Vice President, Financial Lines.

Mr. Krishnan has 20 years of experience in the industry. He has served as
General Counsel of ACE’s Multinational Client Group since 2010. Previously, he
was General Counsel of ACE’s U.S. retail operations and ACE’s Financial
Solutions business. He joined ACE in 1999 as Vice President and Assistant
General Counsel of ACE Capital Re.

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 and supplemental
health insurance, reinsurance and life insurance to a diverse group of
clients. ACE Limited, the parent company of 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:

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ACE Group
Stephen M. Wasdick, 212-827-4444
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