The ACE Group announced the formation of a new Middle East & North Africa (MENA) Regional Office, based in Bahrain.
“The new office, which recently received approval from the Central Bank of Bahrain, will be responsible for the management of ACE’s existing businesses in Saudi Arabia, Egypt and Pakistan, as well as the development of representation in new markets in the region,” said the bulletin.
The Regional Office is headed up by Mr. Giles R. Ward, the newly appointed Regional Director, MENA. Also already in situ is Mr. Brad J. Berg, Chief Underwriting Officer (Energy and Technical Lines).
“ACE has been present in this region for many years”, Ward noted, “however, we felt that the time was now right to bring the Group’s technical expertise closer to our businesses, clients and partners, enabling us to maximize the very exciting opportunity that the MENA region represents.”
He explained that in addition to the Group’s involvement in a number of large Oil, Petrochemical and Energy programs, “our objective – as well as looking at new market entries – is to provide the region with access to ACE’s global network of strong specialist expertise. We believe we have much to offer in areas such as Directors & Officers Liability and Professional Indemnity covers; Energy-related construction and property insurance; as well as considerable expertise in the marketing of Accident and Health insurance products to the consumer sector. “
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