ACE USA Professional Risk, a part of ACE Diversified Risk, today announced new leadership and the formation of a new Corporate Risk Management Liability Unit.
ACE USA Professional Risk is the division within ACE USA that has responsibility for Management Liability, Professional Liability and Professional Liability Programs distributed through retail brokers throughout the U.S. Newly leading these efforts will be Tim O’Donnell, Executive Vice President. Based in New York City, Mr. O’Donnell replaces David Lupica, who has been named Executive Vice President of ACE Westchester Specialty Group’s newly-organized wholesale Professional Risk Division.
Mr. O’Donnell brings his more than 22 years of diverse insurance industry experience to ACE USA. He joins the company from American International Group (AIG), most recently serving as Regional Vice President of the New York Zone for the Domestic Brokerage Group as well as President of the Financial Institution Group of National Union. He previously served as Vice President and Risk Manager at Salomon Inc. and at Travelers Group as well as holding senior broker and underwriting positions at Marsh, Inc. and Chubb Insurance Group. He is a graduate of Boston College, where he received his bachelor of science degree in economics.
"I look forward to working with the ACE USA Professional Risk team as we continue the process of building a first-class management and professional liability operation to meet the needs of our clients," said Mr. O’Donnell."
Additionally, Lisa Lockhead has been appointed Vice President of the newly-formed Corporate Risk Management Liability unit, which will target its distribution to those companies with less than $500 million in revenues and non-profit entities of all sizes. Based in Philadelphia, Ms. Lockhead will report to Mr. O’Donnell.
Ms. Lockhead brings more than 16 years of insurance industry experience to ACE USA. Most recently, she served as Executive Vice President for American Insurance Group’s (AIG) Middle/Commercial Unit of National Union with responsibility for the Atlanta and Philadelphia regions, with additional responsibility for middle market strategy, underwriting policies and procedures. She also worked for AIG’s National Union Management Liability Division in a number of regions throughout the U.S. Ms. Lockhead received her bachelor of science degree in Industrial Management from Carnegie Mellon University.
"The added strength to our management team, the realignment of product distribution channels, as well as the creation of the new Corporate Risk Management Liability unit, will ensure that each market segment receives the attention it deserves," said John Lupica, President of ACE Diversified Risk. "I am looking forward to working with both Tim and Lisa in our continuing effort to establish ACE USA’s management liability capabilities in the US."
ACE USA is a U.S.-based operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE). ACE USA provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com . The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.