Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

ACE Announces Management Appointments in MENA Region   Join our daily free Newsletter

MENAFN Press - 27/06/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN Press)

ACE Group today announced several appointments within its Middle East and North Africa (MENA) region, as it continues to strengthen its management and underwriting teams across those emerging insurance markets of strategic importance to its Europe, Middle East and Africa (EMEA) business.

Vijay Raghaven has been promoted to CEO of ACE's joint venture operation in Saudi Arabia, ACE Arabia Cooperative Insurance Company. With over 30 years of underwriting and insurance industry experience, Vijay joined ACE in 1994 and has served the business in a number of key roles in that country. He has been Interim CEO of the joint venture company since December 2011.

At the same time, Ian Morrison, Commercial Underwriting Manager of ACE Arabia Cooperative Insurance Company, has been promoted to the position of Chief Underwriting Officer of ACE Arabia Cooperative Insurance Company. Ian has been with ACE for the past 12 months of a career which spans almost 30 years in the insurance industry and includes experience on both the underwriting and brokerage sides of the business. He joined the company from RSA, where he was a Technical Lines underwriter for five years.

These changes take place with immediate effect.

In addition, John Ambrose has been appointed to the newly created role of Construction Manager for MENA as ACE further strengthens its expertise in this sector. John will be based with the ACE team at the Dubai International Financial Centre (DIFC). He joins ACE from Liberty where he was Senior Manager Construction at the DIFC, having moved to Dubai from India to join Allianz in 1999. He will report to David Walters, Head of International Construction, ACE Overseas General and to Steve Dixon. This appointment takes effect immediately.

Steve Dixon, Regional Managing Director, MENA, said:

"We expect MENA's insurance markets to grow strongly in the years ahead and these appointments will support ACE's strategy for growth. Vijay Raghaven and Ian Morrison are insurance industry professionals of the highest calibre and, under their leadership, ACE Arabia will be in extremely capable hands and well placed for further expansion."

"Across MENA more generally, we believe construction will be one of the insurance market's fastest growth segments, driven by the huge investment in infrastructure projected across much of the region. John Ambrose's deep experience in construction insurance will be invaluable as we further build on ACE's expertise and reputation in this key sector for the future."


About ACE Group
The ACE Group is one of the world's largest multiline property and casualty insurers. With operations in 53 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 the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help