Dean O'Hare Named Co-Chair of Hospital for Special Surgery

New York, NY—May 1, 2003

Dean R. O‘Hare, former Chair and CEO of The Chubb Corporation has been named Co-Chairman of the Hospital for Special Surgery‘s (HSS) Board of Trustees. In joining Co-Chair Aldo Papone, Mr. O‘Hare succeeds Richard Menschel, who had been Chairman since 1992. Mr. Menschel will become Chairman Emeritus of the Board.

"I am delighted to take on a greater leadership position with HSS," said Mr. O‘Hare. "Having served as a member of the Board for many years, I believe that HSS‘ dedication and commitment to the treatment of orthopedic and rheumatologic problems and the advancement of musculoskeletal medicine is unparalleled. To become Co-Chair of such a world-class institution is indeed a great honor."

"I salute Richard Menschel for the magnificent job he has done as Board Chair in driving HSS forward to fulfill its mission to achieve preeminence in musculoskeletal research and treatment of patients," continued Mr. O‘Hare. "We look forward to his continuing to contribute to this institution that he serves so well."

"We are extremely fortunate to have as our chairman a business statesman of Dean O‘Hare‘s stature at this critical time in health care," said John R. Reynolds, President and CEO of Hospital for Special Surgery. "His prominence as a driving force for American business will unquestionably be an asset to the Hospital. I am confident that, with Dean O‘Hare and Aldo Papone at the helm, we will continue to forge ahead in musculoskeletal medicine."

A leading voice of the business community on international finance and trade issues, Mr. O‘Hare served as chair and chief executive officer of The Chubb Corporation from 1988 until 2002. Founded in 1882 and based in Warren, NJ, Chubb is one of the world‘s leading property and casualty insurance companies. Mr. O‘Hare began his career with Chubb in 1963 as an underwriting trainee. He was named an officer of the corporation in 1972, chief financial officer in 1981 and president in 1986.

Mr. O‘Hare is a director of Fluor Corporation and HJ Heinz Company, chair of the NJ Partnership, and director and past chair of the American Insurance Association. He also serves as a member of the President‘s Advisory Committee on Trade Policy and Negotiations, Chair of the U.S. Council for International Business, Chair of the US Coalition of Service Industries and Chairman of the Pacific Basin Economic Council. He is past chair of the U.S.-India Business Council, a member of the Business Roundtable and the Global Business Dialogue on E-commerce, a member of the Board of the U.S.-China Business Council and a financial governor of the World Economic Forum.

Born in Jersey City, NJ, he holds a BS in financial management from New York University and an MBA from Pace University Graduate School of Business Administration.