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ACE Appoints New SVP, Chief Underwriting Officer For North America Property & Specialty Lines Division

To set and maintain all underwriting, pricing and reinsurance strategies, policies and procedures

The ACE Group of insurance and reinsurance companies has appointed Paul O’Neill as senior vice president and chief underwriting officer, for its North America Property & Specialty Lines Division.

In his new role, Mr O’Neill will set and maintain all underwriting, pricing and reinsurance strategies, policies and procedures for ACE North America Property, to ensure effective implementation of the division’s business plan. Based in Atlanta, he will report to Paul McNamee, president of North America property & specialty.

In addition to his new role as chief underwriting officer, Mr O’Neill retains responsibility as the ACE program relationship manager for Starr Tech, a managing general agent specializing in energy and technical property risks, and will continue to lead efforts to provide ACE’s insurance and risk management solutions to the nuclear industry.

Mr O’Neill will also continue to head the ACE Property & Marine Cash Flow unit, overseeing sales and marketing of global property and marine programs involving captives.

Mr McNamee, said: “Paul’s appointment is clear recognition of his significant contribution to our North American Property and Specialty business over many years. His proven leadership, strategic ability, and in-depth knowledge across all of our operating units will be extremely valuable as we continue to build and enhance our North American property operation.”

Mr O’Neill represents ACE as vice chairman of the board of directors of American nuclear insurers, and serves on the organization’s executive and security committees.