Senior Vice President, Workers Compensation ACE USA

Henry O. Schramm II was named Senior Vice President, Workers Compensation, which is part of the ACE Casualty Risk Division, in October 2006. Based in Philadelphia, he is responsible for leading the underwriting strategies for ACE USA’s middle market workers compensation business, including ACE CompleteSM, a web-based underwriting facility that enables contracted brokers to conduct underwriting transactions—from entry to issuance—via the Internet.

With more than 31 years of diverse experience in the insurance arena, Mr. Schramm joined ACE USA from PMA Insurance Group, in Philadelphia, where he served as Senior Vice President and Chief Underwriting officer with responsibility for directing the underwriting activities for its commercial lines business. Mr. Schramm previously spent 22 years with The Hartford Insurance Group in Hartford, CT, where he held a variety of casualty underwriting management roles, culminating with his appointment as Assistant Vice President and Managing Director, Major Accounts Segment.

Mr. Schramm earned a Bachelor of Arts degree in Political Science and History from George Washington University, in Washington, DC, and is a graduate of the Executive Education program of Duke University’s Fuqua School of Business in Chapel Hill, NC.

ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, 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.

For more information, please contact ACE U.S. Communications at 215 640-5235.