ACE USA, the U.S.-based retail operations of the ACE Group, appointed Mitchell Schmidt as senior vice president and regional executive officer for ACE USA’s Northeast region.
Schmidt will be based in Boston, and will be responsible for setting and driving the overall strategic direction for ACE USA’s Northeast region. He will work collaboratively with the Northeast regional team to oversee all business development, retention and underwriting activities, establish distribution strategies, and service delivery to middle and large account commercial customers. He will report to Ed Zaccaria, division president of ACE USA’s regional operations.
Karen Sothern, who has served as senior vice president and regional executive officer for ACE USA’s Northeast region since 2002, now assumes a new global role as change management officer for acquisitions, for the ACE Group, reporting to Evan Greenberg, chief executive officer of ACE Limited.
With more than 15 years in the insurance industry, Schmidt most recently served as senior vice president and national underwriting manager of ACE USA’s custom casualty and public entity units. He has held several senior underwriting positions at ACE, including serving as Western Zone manager, with responsibility for the excess liability and custom casualty product offerings for five of the nine ACE USA regions.
Schmidt joined ACE in 2003 from Chubb Insurance Group, where he held several branch and regional casualty management and underwriting positions, including Midwest regional excess casualty manager.
The ACE Group is one of the world’s largest multi-line property/casualty insurers. With operations in 53 countries, ACE provides commercial and personal property/casualty insurance, personal accident supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Group is a division of Zurich, Switzerland-headquartered ACE Limited.