Insurer ACE, which has operations in Bermuda, has announced the leadership team it will appoint for the company’s North America excess and surplus (E&S) lines wholesale business upon the completion of its acquisition of Chubb.
ACE said the business will be called Westchester, a Chubb company, and it will include wholesale business currently written in ACE Westchester, ACE Commercial Risk Services, Chubb Custom Market, Chubb Specialty Insurance and Chubb Commercial Insurance.
It is expected that the acquisition will close in the first quarter of 2016.
Bruce Kessler will serve as senior vice president (SVP) of the new Chubb Group and division president of Westchester. He will be responsible for integrating the E&S, small commercial and programmes businesses within ACE and Chubb, focusing on the company’s wholesale distribution partners.
Kessler will continue to report to John Lupica, who will serve as vice chairman of the new Chubb Group and president, North America major accounts and specialty insurance.
David Lupica will serve as chief operating and distribution management officer. Reporting to Lupica, who is currently division president of ACE Commercial risk services, will be the small commercial group, which will include the wholesale, micro specialty and programmes businesses currently written by ACE Commercial risk services, Chubb Commercial Insurance and Chubb Specialty Insurance. Lupica will report to Kessler.
Westchester will also continue its focus on the property, casualty, professional risk, inland marine, environmental and product recall lines of business for wholesale distribution partners.
Bob Meyer will head up property and inland marine. Meyer is currently division president, ACE Westchester property.
Dean Andrighetto will lead casualty. He is currently division president, ACE Westchester casualty.
Joseph Casey will lead professional risk. He is currently division president, ACE Westchester professional risk.
Rob Owens will head up environmental. Owens is currently SVP, ACE Westchester environmental.
Florian Beerli will be responsible for product recall. Beerli is currently SVP, ACE Westchester product recall.
David Charlton will be in charge of the micro specialty business. Charlton is currently president, ACE commercial risk services specialty and micro products.
Franklin Sanders Jr will head up the programmes business. Sanders is SVP, Chubb programmes business management.
ACE, Chubb, Bruce Kessler, David Lupica, Bermuda, North America, Europe