ACE Commercial Risk Services Appoints Stephen Hood, Vice President, Business Development

ACE Commercial Risk Services^®, the U.S.-based small business division of the ACE Group, today announced the appointment of Stephen Hood as Vice President, Business Development. Mr. Hood will be responsible for the division’s product distribution strategies, and will lead a team of business-development managers working with retail and wholesale brokers and program managers throughout the U.S. He will be based in Roswell, Ga., and will report to David Lupica, Division President, ACE Commercial Risk Services.

Mr. Hood joins the company with more than 20 years of diverse distribution-management, underwriting and leadership experience, much of it with The Chubb Group of Insurance Companies, where he was Vice President of Marketing. He also has held senior management positions in wholesale and retail distribution organizations.

"Steve’s experience will be a great asset in driving ACE’s distribution management strategies in the small commercial segment,” said Mr. Lupica.

Mr. Hood received a Bachelor’s of Science degree in Political Science from Arizona State University. He holds a Master of Arts degree in International Relations from the University of South Carolina, and a Master’s degree in Business Administration from Arizona State University.

ACE Commercial Risk Services is an operation within the ACE Group that is dedicated to providing specialty insurance products that offer solutions for small business insurance needs in North America. ACE Commercial Risk Services offers its products through retail agents and brokers, wholesale brokers and wholesale producers, program agents and other alternative distribution models. Additional information can be found at www.acecrs.com.

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com.