ACE Announces New Leadership Team for South Africa
LONDON--(BUSINESS WIRE)-- ACE today announced two new management appointments for its South Africa business as it continues to strengthen its presence across emerging insurance markets in its Europe, Middle East and Africa (EMEA) region.
John Nienaber has been appointed Country President, South Africa. Bringing 12 years of insurance industry experience, John was Executive Head, Business and a Board member at Stalker Hutchinson Admiral until 2011, where he oversaw underwriting and operations at one of South Africas leading underwriting agencies in the casualty insurance sector. Previously, John held various roles at Glenrand MIB, an insurance broker.
John will report to Andrew Kendrick, Chairman, ACE European Group. The appointment takes place with effect from 1 June and remains subject to regulatory approval.
At the same time, Gary Jack, Interim CEO, South Africa has been promoted to the newly created position of Chief Operating Officer and Head of Accident and Health, South Africa, also effective 1 June. Gary has seven years of insurance industry experience and joined ACE in 2009 with management responsibility for the Accident and Health business in South Africa before being appointed to his current role. Gary will report to John.
Andrew Kendrick, Chairman, ACE European Group, said:
South Africa has a young population, a rapidly expanding middle class and an increasingly important position at the heart of global trade. Despite the countrys challenges, we believe these three trends are together capable of powering future growth on a significant scale. Todays appointments will result in an expanded management team and a renewed commitment to growth in South Africa, a key country in ACEs strategy of expansion across EMEAs emerging markets.
Brian Seach, Chairman, ACE South Africa, commented:
John Nienaber and Gary Jack bring a formidable and complementary skillset to our South Africa management team. Johns extensive underwriting background, market relationships and extensive casualty and financial lines experience will be valuable assets as we grow ACEs corporate insurance business. Meanwhile, Gary has been instrumental in the development of our growing Accident and Health business and I am grateful for his effective management of our South African operations over the interim period.
ACE has been active in South Africa since 2006. ACE specialises in casualty, financial lines, accident and health and property (including energy and construction) insurance, including in South Africas rapidly expanding small business sector.
The ACE Group is one of the worlds 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 (ACE), 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.
Grayling for ACE
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Source: ACECopyright Business Wire 2012