PHILADELPHIA - November 2, 2004 - ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced the appointment of Michael Harnett as Senior Vice President to lead the National Excess Workers Compensation Unit for ACE Risk Management® (ARM). Based in Philadelphia, Mr. Harnett will have overall responsibility for overseeing new business development and underwriting activities for this unit, which provides a variety of products and solutions to employers who qualify for self insurance. An emphasis is placed on offering risk managers and brokers the ability to customize workers compensation programs to address the challenges and complexities of today's marketplace.
ACE Risk Management offers comprehensive risk management programs and services, which are uniquely designed and customized to assist companies in any industry deal with the significant costs of financing and managing risk.
"I am pleased to welcome Mike to the ARM team as he assumes responsibility for the continued success of the National Excess Workers Compensation unit," said William N. Curcio, President, ACE Risk
Management. "Mike's proven leadership and industry experience in the large-risk marketplace will be instrumental in growing our product offerings as we continue our efforts to meet and exceed the expectations of our customers."
Mr. Harnett joins ACE USA from PMA Insurance Group, where he most recently served as Vice President, Risk Management Services with responsibility for all aspects of its large account underwriting operation. With more than 20 years of experience in the insurance field, Mr. Harnett has held a variety of underwriting management positions with major carriers including Royal & SunAlliance, CNA and an ACE subsidiary. Mr. Harnett received both his bachelor of arts degree in philosophy and a master of science degree in public management/public policy from State University of New York at Stony Brook.
To learn more about ACE Risk Management products and services, visit www.aceriskmanagement.com.
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ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.