|[October 25, 2013]
ACE Appoints Joseph Clabby to Lead New Global Accounts Division to Serve Global Multinational and North American National Clients; Regional Global Accounts Leaders Named
NEW YORK --(Business Wire)--
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
Joseph Clabby, Division President, Global Accounts, ACE Group (Photo: Business Wire)
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 nd 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 market.
"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
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
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: www.acegroup.com.
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