ACE Limited (NYSE:ACE) has announced that the retail operating division of ACE Group, ACE USA, has appointed new executives to its large-risk division, ACE Risk Management. The company has appointed Lou Capparelli to the position of senior vice president and branch manager for the Midwest Region in Chicago. David Zelickman was selected as the company’s senior vice president and branch manager for the Northeast region in Boston. Capparelli and Zelickman will now report to the company’s chief operating officer of ACE Risk Management, Matt Merna. The appointments were chosen in acknowledgement of the accomplishments of Zelickman and Capparelli, according to Merna. He expects the Midwest and Northeast regions to benefit from the appointments in the form of opportunities for the company’s growth in the large risk market.
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ACE Limited (ACE) is a holding company of the ACE Group of Companies. The Company is a global insurance and reinsurance organization, serving the needs of commercial and individual customers in more than 140 countries and jurisdictions. The Company serves the property and casualty (P&C) insurance needs of businesses of all sizes in a range of industries. It also provides specialized insurance products, such as personal accident, supplemental health and life insurance to individuals in select countries. Its reinsurance operations include both P&C and life companies. The Company operates in four business segment: Insurance-North American, Insurance-Overseas General, Global Reinsurance and Life.
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