ACE appoints surety business unit leadership team
Insurer ACE has announced the leadership team it intends to appoint for the company’s global surety business unit.
The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.
Stephen Haney will serve as division chairman, North America surety, and chief underwriting officer (CUO), global surety. Haney is currently division president, surety for ACE USA, and CUO, global surety for ACE.
He will continue to report to John Lupica, who will serve as vice chairman of the new Chubb Group, and president, North America major accounts and specialty insurance.
Richard Ciullo will serve as CUO of North America surety. Currently senior vice president (SVP) and CUO for Chubb Surety, Ciullo will assist in the property and liability (P&L) performance of the product line and, together with Haney, will be responsible for the successful integration of ACE and Chubb surety products in order to deliver a best-in-class offering to the company’s brokerage distribution partners.
Teresa Black will serve as head of commercial surety for the US and Canada. Black is currently SVP and chief operating officer for ACE’s surety division.
Black will be responsible for the strategy and product management of commercial surety products and services offered through the major accounts, commercial insurance and small commercial business units that serve customers in the US and Canada.
Matthew Lubin will serve as head of construction and international surety. Lubin is currently SVP and CUO for Chubb Surety.
Lubin will be responsible for the strategy and product management of contract surety products and services offered through the major accounts, commercial insurance and small commercial business units that serve customers globally.
Ciullo, Lubin and Black will report to Haney.
Global surety underwriting will be organised by client size, scope and territory. The three business segments are engineering and construction, construction surety, and commercial surety.
Richard Barnett will serve as director, engineering and construction. Barnett is currently SVP and surety director, national engineering and construction for Chubb. He will report to Lubin.
Arturo Martinez will lead the geographic expansion, strategy and management for surety products and services offered in Latin America. Martinez is currently SVP for surety Latin America for ACE. He will report to Jorge Luis Cazar, who, will serve as SVP of the new Chubb Group and regional president, Latin America.
Dekker Buckley will be responsible for the oversight and monitoring of surety underwriting throughout Latin America. Buckley is currently vice president (VP) and surety director for Chubb Latin America.
Kevin Waldron will be responsible for the construction group and small construction, supporting surety branch underwriting activities in San Francisco, Los Angeles, Kansas City, Cincinnati, Chicago and Minneapolis.
Waldron is presently vice president (VP) and surety construction director for Chubb. He will report to Lubin.
Donna Powers will be responsible for the construction group supporting surety branch underwriting activities in New York, Philadelphia, Atlanta, Houston and Warren, New Jersey. Powers is currently VP and surety construction director for Chubb. She will report to Lubin.
Joseph Gaskill will be responsible for the commercial group, supporting surety branch underwriting activities in San Francisco, Los Angeles, Gaskill is currently SVP, commercial surety for ACE. Gaskill will report to Black.
Craig Gortner will also be responsible for the commercial group, supporting surety branch underwriting activities in New York, Philadelphia, Boston and Atlanta. Gortner is currently SVP, commercial surety for ACE. Gortner will report to Black.
Catherine Donahue will serve as surety operations manager. She is currently VP and surety operations manager and construction director for Chubb.
Christopher Parker will serve as surety chief credit officer. Parker is presently VP and surety commercial director for Chubb. He will report to Haney.
