New York-based ACE Casualty Risk, a division of ACE USA, announced the launch of its Energy Excess Casualty Practice, which provides “a comprehensive package of insurance products and services focusing on energy-based risk management accounts.”
The bulletin noted that “the ACE USA Excess Casualty Unit is dedicated to serving the needs of the oil and gas, petrochemical manufacturing, utility and mining industries, making available the full range of ACE USA’s global capabilities. ACE Casualty Risk is the operating unit within ACE USA, which provides excess casualty, environmental and workers compensation (small business only) coverage for commercial insureds.”
The unit specializes in lead umbrella and excess liability products, focusing on those risks that generate $200 million or more in revenues. These products are distributed through brokers to the commercial market.
The new operation will be led by Connie Germano, VP of Energy Excess Casualty. She has more than 17 years insurance experience in the primary package and excess casualty lines of business, and for the past 10 years has focused specifically on excess casualty.
“She joins ACE USA from American International Group where she most recently served as Divisional Vice President and Chief Underwriting Officer, managing AIG’s primary and excess casualty product line, and with profit and loss responsibilities for energy-specific excess,” said the announcement. She has also served in a variety of excess casualty management roles including Divisional Vice President of AIG’s Middle Market excess casualty product line.
“We believe that brokers need committed insurance partners. Bringing together our global financial strength and underwriting capabilities enables ACE USA to develop unique programs to meet the highly complex and specialized needs of the energy industry,” stated Jonathan Zaffino, Senior VP of ACE USA Excess Casualty. “I look forward to working with Connie in our effort to establish ACE USA’s energy excess casualty capabilities.”
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