ACE’s Agriculture Business, Rain and Hail, Announces Executive Management Promotion

ACE Group today announced the appointment of Scott Arnold as Deputy Division President of Rain and Hail, a division of ACE Agriculture. ACE’s Rain and Hail business is the largest writer of U.S. multi-peril crop insurance, and is a leading provider of crop hail coverage and specialty products for U.S. farming operations.

Mr. Arnold was previously Executive Vice President of Rain and Hail’s Field Operations, where he oversaw the company’s ten divisional offices and its distribution and business development efforts. Mr. Arnold’s new role will include broader involvement in the day-to-day operations of the crop insurance business.

“Scott’s deep knowledge of the industry and our business is a proven asset for our policyholders and agents,” said Michael Coleman, Division President, ACE Agriculture. “His expanded responsibilities will continue to make ACE stand out, in terms of service and solutions, in the crop insurance market.” Mr. Arnold will continue to report to Mr. Coleman.

John Lupica, Chairman, Insurance-North America, added: “Scott’s tenure at ACE Rain and Hail is valued, and we recognize how his leadership has bridged Rain and Hail’s service legacy to ACE, helping to cultivate opportunities and strengthen our crop business in so many ways.”

With more than 25 years’ experience in the crop insurance industry, Mr. Arnold first joined Rain and Hail in 1989 as a field supervisor, and has held roles of increasing responsibility. He joined ACE in December of 2010 with the company’s acquisition of Rain and Hail. Mr. Arnold received a Bachelor of Science degree in Agriculture Business from Iowa State University. Mr. Arnold will continue to be based in Johnston, Iowa.

ACE Agriculture’s businesses, Rain and Hail and ACE Agribusiness, headquartered in Johnston, Iowa, are the largest providers of multi-peril crop insurance, and a leading provider of crop hail and commercial agricultural insurance to farmers and businesses in the United States and Canada.

About ACE Group

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE:ACE) and is a component of the S&P 500 index. Additional information can be found at www.acegroup.com, or follow ACE on Twitter, https://twitter.com/ACEGroupNA.

ACE GroupCarla Ferrara, [e-mail]