PHILADELPHIA - December 5, 2002 - ACE INA Holdings, Inc., a member of the ACE Group of Companies, today announced that they awarded a $100,000 grant to establish the ACE Scholar's Program at Temple University's Fox School of Business and Management The grant will provide financial assistance to students in the Risk, Insurance and Healthcare Management (RIHM) department.
"ACE is pleased to fund the new ACE Scholars Programs and to partner with Temple University's Fox School of Business in creating this opportunity for students and to further advance risk management and insurance education," said Susan Rivera, president of ACE INA Holdings, Inc. "We look forward to working with the recipients in this unique program and providing them with real-world exposure to the insurance business through internships and interaction with ACE professionals."
Fox School Dean M. Moshe Porat and Robert Drennan, department chair, will oversee the selection process. No fewer than five scholarships will be awarded in spring 2003 to RIHM students in their junior and/or senior year, who demonstrate academic and professional development promise. Students must be in good standing in the top quarter of their class with a grade of "B" or better in the RIHM introduction class.
With over 300 undergraduate majors and graduate students, The Fox School's Department of Risk, Insurance and Healthcare Management program is one of the largest of its kind in the world. It offers both undergraduate and graduate degrees in Actuarial Science, Healthcare Management, Risk Management and Insurance. Its Risk Management program was listed in the top ten of undergraduate business specialty programs in risk management by U.S. News & World Report.
The Fox School has more than 5,500 students, 150 full-time faculty and 42,000 alumni. Its programs are ranked internationally and nationally by leading business publications and organizations, including Financial Times, Forbes, U.S. News & World Report, Computerworld and the Eastern Technology Council.
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ACE INA, headquartered in Philadelphia, is the U.S. and international property and casualty operations of the ACE Group of Companies. The ACE Group of companies, whose ultimate parent is ACE Limited (NYSE: ACE), provides insurance and reinsurance products and services through operating subsidiaries for a diverse group of clients around the world. Additional information can be found at www.ace-ina.com.