ACE Makes Future Leadership Appointments for APAC Region

ACE Ltd. announced key leaders it intends to appoint for the Asia Pacific region of the new Chubb Group’s Overseas General Insurance division, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.

The leadership appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.

As previously announced, Juan Luis Ortega will serve as senior vice president of the new Chubb Group and regional president, Asia Pacific. Ortega will report to Juan C. Andrade, executive vice president, ACE Group, Personal Lines and chief operating officer of ACE Overseas General, and who, as previously announced, will serve as executive vice president of the new Chubb Group and president of the Overseas General Insurance division.

The leaders reporting to Ortega will include:

“The long-term growth opportunities in Asia Pacific are perhaps the greatest of any region. Our presence extends from large, developed markets to dynamic, faster-growing Southeast Asian economies, and our commercial and non-life consumer businesses serve a highly diverse customer base,” said Andrade (who will serve as executive vice president of the new Chubb Group and president of the Overseas General Insurance division).

“Reaching our potential in Asia Pacific requires strong, capable, talented and effective leaders. That’s what we are announcing…. I am confident that Juan Luis and his team, including our new colleagues from Chubb, will continue to grow and diversify our geographic footprint, product mix, and distribution channels to meet the needs of the region’s growing middle class, small businesses and large regional and global companies,” Andrade added.

“I am very excited to announce these appointments for the new Chubb Group’s Asia Pacific region,” said Ortega. “These are key leadership appointments – they each have a strong proven track record and are hands-on, results-oriented insurance professionals. I look forward to continuing to work with Paul, Glen, Edward and John and welcome Matt, Greg and Kevin to our Asia Pacific team.”

Source: ACE Group

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