ACE announced that the future accident and health (A&H) insurance leadership team it intends to appoint for the company’s Overseas General Insurance division.
The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.
The company’s international A&H division works with distribution partner organizations worldwide to offer personal accident, disability, travel and supplemental health insurance products to employees, members and customers.
The combined business will enjoy leading positions in the distribution of individual A&H products through affinity marketing programs, associations and agents as well as in the commercial market for group coverage.
As previously announced, Edward M. Levin will serve as Senior Vice President of the new Chubb Group and Division President, Accident & Health, for the Overseas General Insurance division. The international A&H leadership team will include:
Alex Blake will serve as Senior Vice President, Global Travel. Currently, Mr. Blake is Senior Vice President, Global Travel for ACE Overseas General.
Mike Dargakis will serve as Vice President, Accident & Health, and Division Finance Officer. Currently, Mr. Dargakis is Vice President and Division Finance Officer for ACE Overseas General.
Joseph Grillo will serve as Vice President, Accident & Health Direct Marketing Operations. Currently, Mr. Grillo is Vice President, Direct Marketing Operations for ACE Overseas General.
Rick Jacox will serve as Vice President, Accident & Health Data Management. Currently, Mr. Jacox is Vice President, Data Management for ACE Overseas General.
Randy Termeer will serve as Senior Vice President and Chief Operating Officer, Accident & Health. Currently, Mr. Termeer is Senior Vice President and Chief Operating Officer, Accident & Health for ACE Overseas General.
Fraser Watson will serve as Vice President, Accident & Health Global Account Management. Currently, Mr. Fraser is Vice President and Global Account Management, Accident & Health for ACE Overseas General.
Spero Zacharias will serve as Senior Vice President and Accident & Health Field Operations Manager. Currently, Mr. Zacharias is Senior Vice President and International Field Operations Manager for Accident & Health at Chubb.
As previously announced, Mr. Levin will report to Juan C. Andrade, who will serve as Executive Vice President of the Chubb Group and President of the Overseas General Insurance division.
In addition to reporting to Mr. Andrade, Mr. Levin will continue to report to Ed Clancy, who is currently Executive Vice President, Global Accident & Health and Life for ACE Group and will continue to serve in that role.
Messrs. Blake, Grillo, Jacox, Termeer, Watson and Zacharias will report to Mr. Levin. Mr. Dargakis will report to Mr. Levin and to John Jones, who, as previously announced, will serve as Executive Vice President and Chief Financial Officer for the Overseas General Insurance division.
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.