ACE Limited announced the leadership team it intends to appoint for the company’s North America field organization that will take over upon completion of the acquisition of Chubb, which ACE said is expected in the first quarter of 2016.
The company also revealed the executives who will be in charge of eight regional offices that will oversee a 48-branch network across the U.S. and Canada for the new Chubb Group. Four of the regional executive officers are from ACE and four from Chubb. Two are women.
[In a separate announcement, ACE named the executives for its business units and major product lines in North America for the new Chubb Group.]
As previously reported, Harold L. Morrison Jr. will serve as senior vice president of the new Chubb Group and division president, field operations, for the North America Insurance division. Currently executive vice president, chief global field officer and chief administrative officer of The Chubb Corp., Morrison will be responsible for the field organization in North America, which includes 48 offices in the U.S. and Canada. He will be responsible for regional and branch office functions and services to agent and broker distribution partners.
Gerard M. Butler will serve as executive vice president and deputy field officer for North America, with responsibility for coordinating the company’s North American distribution relationships, sales results and practices, and field analytics resources. Butler is currently executive vice president and U.S. field territory operations manager of Chubb & Son. Butler will report to Morrison.
Reporting to Morrison will be eight regional executive officers (REOs) who will operate a 48-branch network across the U.S. and Canada, divided into eight regions headquartered in New York City: Boston, Philadelphia, Atlanta, Chicago, Dallas, Los Angeles and Toronto. The REOs will be responsible for regional underwriting and sales strategies of the North American business units, staff management, production, profit and loss, and distribution management.
Reporting to each REO will be a regional chief operating officer (RCOO), and together the REO and RCOO will work as the leadership team managing each significant territory.
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