PHILADELPHIA - October 17, 2002 - ACE Specialty Property and Casualty, part of ACE USA, today announced the creation of a new unit, ACE Global Solutions. The new unit will focus on servicing global property, marine, and international casualty captives and other sophisticated cash flow and multi-national programs for U.S.-based clients. ACE has combined operations from several units to focus expertise and resources on this growing market. Leading the new ACE Global Solutions unit is Bob Abramski, senior vice president.
"Demand for global insurance coverage among U.S.-based Fortune 1000 companies continues to grow, creating a critical need in the marketplace for a truly global solutions provider," said Ed Zaccaria, president, ACE Specialty Property and Casualty. "Recognized for our strong underwriting expertise, service network and product mix, ACE is uniquely positioned to fulfill these market needs."
"An ACE hallmark is that we respond to customer needs by providing risk management solutions for the complex needs of our clients," said Bob Abramski. "There are few global insurance providers in existence today and our clients have expressed a clear need for this market. We will provide important products and services to fill that need."
Mr. Abramski has held various product-line management roles at ACE and its predecessor companies over the past 22 years including: Pacific Area property officer in Tokyo; Property product line officer-Europe; Head of U.S. Multi-National Property Unit; and Head of Global Property (domestic and multi-national). Most recently he was senior vice president, ACE USA Global Property. Abramski earned his bachelor of science degree in Physics from Villanova University.
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ACE USA, headquartered in Philadelphia, is the U.S.-based operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE). ACE USA provides insurance products and services through the U.S. operating subsidiaries. ACE USA is rated "A" (Excellent) by A.M. Best and "A+" (Strong) by Standard & Poor's. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world. Additional information can be found at www.ace-ina.com.