ACE Group Appoints Paul McNamee President, North America Property
PHILADELPHIA-(Business Wire)-September 17, 2009 - ACE Group today announced the appointment of Paul McNamee to the position of President, North America Property. Based in Philadelphia, Mr. McNamee will have the responsibility for managing ACE’s property-related products and services across the company’s North American franchises: ACE USA, ACE Canada and ACE Westchester. In his capacity as North American Property Leader, Mr. McNamee will report to Brian Dowd, Chief Executive Officer, Insurance North America, and in his role as head of the company’s retail property operations, he will report to John Lupica, President and Chief Executive Officer, ACE USA. It is anticipated that Mr. McNamee will begin his new role on a full-time basis in early November.
“Paul is a welcome addition to our team in the United States,” said Mr. Dowd. “He will serve a critical role in leading the delivery of ACE’s full spectrum of property products and services to companies of all sizes.”
Mr. McNamee’s responsibilities will encompass ACE USA’s retail broker-distributed property and first party lines, including global property, inland marine, ocean marine, aviation, and the company’s Managing General Agent (MGA) relationship with Starr Technical Risks Agency, Inc.
“Paul’s years of proven leadership in ACE’s Overseas General division will serve him well in driving the growth and development of this key product line,” said Mr. Lupica.
Mr. McNamee has held a variety of property portfolio management positions in ACE’s Asia Pacific and European operations throughout his 14 years with the organization. Most recently, he has served as Senior Vice President and Head of ACE International Property.
Headed by ACE Limited (NYSE: ACE), the ACE Group’s core operating insurance companies are rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. The ACE Group provides insurance and reinsurance for a diverse group of clients around the world. To learn more about the ACE Group of Companies, please visit: www.acelimited.com.
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