ACE Names Future Leadership Team for Overseas General Insurance Operations
ACE Ltd. announced the senior leadership team it intends to appoint for the new Chubb Group’s Overseas General Insurance division. This division comprises two major businesses: one with distribution through retail brokers in five regions of the world – Asia Pacific, Europe, Latin America, Far East and Eurasia & Africa – and the other an excess and surplus (E&S) lines business with distribution through brokers in the London wholesale market and Lloyd’s.
As previously announced, Juan C. Andrade will serve as executive vice president of the new Chubb Group and president of the Overseas General Insurance division. The leadership appointments for these regions, international products and functions will all take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016.
The announcements about the regional leadership team include the following:
- Asia Pacific: Juan Luis Ortega will serve as senior vice president of the new Chubb Group and regional president, Asia Pacific. Currently senior vice president, ACE Group, and regional president of ACE’s Asia Pacific region, Ortega will continue to have overall responsibility for the general management and business results for all operations in the region, which includes Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
- Europe: Andrew Kendrick will serve as senior vice president of the new Chubb Group and regional president, European Group. Currently senior vice president, ACE Group, and president of ACE European Group, Kendrick will continue to have overall responsibility for the general management and business results for all operations in the region, which includes Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Gibraltar, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland and the United Kingdom. He will also continue to be responsible for the company’s international E&S wholesale business headquartered in London, which will become Chubb Global Markets.
- Latin America: Jorge Luis Cazar will serve as senior vice president of the new Chubb Group and regional president, Latin America. Currently senior vice president, ACE Group, and regional president of ACE’s Latin America region, Cazar will continue to have overall responsibility for the general management and business results for all operations in the region, which includes Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Puerto Rico, Central America and the Caribbean.
- Far East: Jeff Hager will serve as regional president, Far East. Currently regional president, ACE Far East, Hager will continue to have overall responsibility for the general management and business results for all operations in Japan.
- Eurasia & Africa: Giles Ward will serve as regional president, Eurasia & Africa. Currently regional president of ACE’s Eurasia & Africa region, Ward will continue to have overall responsibility for the general management and business results for all operations in the region, which includes Bahrain, Egypt, Pakistan, Russia, Saudi Arabia, South Africa, Tunisia, Turkey and the United Arab Emirates.
Ortega, Kendrick, Cazar, Hager and Ward will report to Andrade. (See below for their biographies).
Key international product lines leadership team announcements are:
- Commercial Property & Casualty: David Furby will serve as vice president of the new Chubb Group and division president, Commercial Property & Casualty. Currently vice president of ACE Group and division president, Commercial Property & Casualty, ACE Overseas General, Furby will continue to have responsibility for the company’s international commercial property and casualty (P&C) insurance business, including property, casualty, professional lines, energy and marine product lines, as well as for the reinsurance the company will purchase for its international insurance operations. Reporting to Furby and serving as chief operating officer, Commercial Property & Casualty, will be Timothy O’Donnell. Currently, O’Donnell is executive vice president, Professional Lines, ACE Overseas General, and he will retain those responsibilities in his new role.
- Accident & Health: Edward Levin will serve as senior vice president of the new Chubb Group and division president, Accident & Health (A&H). Currently senior vice president, ACE Group, and division president, International Accident & Health, ACE Overseas General, Levin will continue to be responsible for the company’s international personal accident, supplemental health and travel insurance business.
- Personal Lines: Darryl Page will serve as vice president of the new Chubb Group and division president, Personal Lines. Currently vice president, ACE Group, and division president, Personal and Business Insurance, ACE Overseas General, Page will continue to have responsibility for the company’s international personal lines.
Messrs. Furby, Levin and Page will report to Andrade. (See below for their biographies).
The company also announced the leaders it intends to appoint for key functional areas of the Overseas General Insurance division, including claims, information technology, operations, finance, human resources and legal. They are:
- Claims: Andrew McBride will serve as executive vice president, Claims. Currently, McBride is executive vice president, Claims, ACE Overseas General. In addition to reporting to Andrade, McBride will continue to have a reporting relationship to Frank Lattal, who is currently chief claims officer and senior vice president, ACE Group and will continue to serve in that role.
- Information Technology: Keith Schlosser will serve as executive vice president and chief information officer. Currently, Schlosser is executive vice president and chief information officer, ACE Overseas General. In addition to reporting to Andrade, Schlosser will continue to have a reporting relationship to Kevin Shearan, who is currently chief information officer and vice president, ACE Group and will continue to serve in that role.
- Operations: Anne Rocco will serve as executive vice president, Operations. Currently, Rocco is senior vice president and International Field Operations manager for Chubb. In addition to reporting to Andrade, Rocco will have a reporting relationship to Patrick Markowski, who is currentlyexecutive vice president, Global Operations and Re-Engineering for ACE and will continue to serve in that role. Reporting to Rocco will be Tricia Callinan, who is currently senior vice president, Operations, ACE Overseas General.
- Finance: John Jones will serve as executive vice president and chief financial officer. Currently, Jones is executive vice president and chief financial officer, ACE Overseas General. In addition to reporting to Andrade, Jones will continue to have a reporting relationship to Philip Bancroft, who is currently chief financial officer, ACE Ltd., and executive vice president, ACE Group and will continue to serve in that role. Reporting to Jones will be Mike Kessler, who will serve as executive vice president and chief actuary. Currently, Kessler is executive vice president and chief actuary, ACE Overseas General.
- Human Resources: Becket McNab will serve as executive vice president, Human Resources. Currently, McNab is executive vice president, Human Resources, ACE Overseas General. In addition to reporting to Andrade, McNab will continue to have a reporting relationship to Phillip Cole, who is currently global human resources officer and senior vice president, ACE Group and will continue to serve in that role.
- Legal: Howard Schrader will serve as executive vice president and general counsel. Currently, Schrader is executive vice president and general counsel, ACE Overseas General. In addition to reporting to Andrade, Schrader will continue to have a reporting relationship to Joseph Wayland, who is currently general counsel, ACE Ltd., and executive vice president, ACE Group and will continue to serve in that role.
“We are pleased to announce the leadership of our Overseas General Insurance division, which is comprised of a team of true internationalists who have deep knowledge of and experience in local markets around the world,” said John Keogh, executive vice chairman and chief operating officer of ACE Ltd. “Chubb complements and deepens ACE’s significant global presence and capabilities in a meaningful way. Our strong team will position the company’s international businesses to continue to be a very important part of the company’s growth story into the future.”
“The executives who will lead our five regions, major international business lines and key functions have proven experience, energy, a passion for the business, the know-how to execute and a deep knowledge of local markets, all of which is essential for serving our diverse group of clients,” said Andrade, executive vice president, ACE Group, Personal Lines and chief operating officer of ACE Overseas General.
“Together, we will build on the best of each company to achieve long-term sustainable growth. We look forward to making additional announcements in each of our regions. I also look forward to welcoming our new Chubb colleagues from around the world,” Andrade added.
Leadership Bios
- Juan Luis Ortega.With 16 years of industry experience, Ortega was appointed regional president of ACE’s Asia Pacific operations in 2013, with responsibility for the general management and business results of the commercial and personal P&C and personal accident insurance operations in the region’s 13 countries and territories. Previously, he served as senior vice president, A&H, for the Asia Pacific region. He joined ACE in 1999 and held a series of accident and health and credit insurance management positions in Miami, Puerto Rico and Mexico, before being named country president of Chile in 2005, where he was responsible for ACE’s P&C, A&H and life insurance businesses in that country. Ortega earned a Bachelor of Science degree in Finance and Business Administration from Universidad Diego Portales, Chile.
- Andrew Kendrick.With more than 35 years of industry experience, Kendrick was named president of ACE European Group in 2004, with responsibility for the company’s P&C, A&H, life and specialty personal lines insurance operations in 19 countries and territories across the region. He is also responsible for ACE Global Markets, the company’s global wholesale business headquartered in London. He joined ACE in 1996 when the company acquired Ockham Underwriting Agency. Prior to his current role, he served as division president, ACE Bermuda and, before that, as ACE’s director of underwriting and active underwriter of Syndicate 2488 at Lloyd’s, which forms part of ACE Global Markets. Kendrick started his career at Sturge Syndicate 210 in 1978.
- Jorge Luis Cazar. With more than 25 years of industry experience, Cazar has served as regional president of ACE’s Latin America region since 2006. Cazar has held senior underwriting and general management positions in Latin America and Asia Pacific. Before his current assignment, he served as senior vice president, A&H, in ACE’s Asia Pacific region; regional vice president, A&H, in Latin America; and president of ACE Seguros in Argentina and ACE Seguros in Chile. Before joining ACE in 2001, Cazar worked at CIGNA International, which ACE purchased in 1999. Cazar has a Bachelor’s degree in Political Science and a law degree from Catholic University in Guayaquil, Ecuador.
- Jeff Hager. Hager has more than 25 years of insurance industry experience in Asia and North America. In 2011, he joined ACE as regional president, ACE Far East, responsible for the company’s P&C and A&H insurance businesses in Japan. Previously, he was with Fireman’s Fund Insurance Co. in Dallas, where he was the company’s national sales leader from 2009 to 2011. Prior to that, he served as executive vice president in charge of AIU’s P&C and A&H insurance company in Japan. Hager also held various positions in sales, distribution, marketing and claims in multiple U.S. locations. He began his insurance career in 1991 as claims adjuster at Safeco in Denver. He earned a Bachelor’s degree in Marketing from Kansas State University.
- Giles Ward.Ward has more than 25 years of insurance industry experience. As president of ACE’s Eurasia & Africa region, he is responsible for ACE’s P&C, A&H and personal and business insurance operations in the nine countries in this region. Ward joined ACE in 2006 as regional managing director for the company’s Middle East and North Africa region. In 2010, he became country present, Australia and New Zealand. Prior to joining ACE, Ward held a number of underwriting and management roles within the insurance industry in the U.K. and Asia, including regional director of Distribution & Marketing for AXA’s general insurance operations in Asia. Ward holds a BA degree in Economics from the University of Manchester.
- David Furby.With more than 30 years of insurance industry experience, Furby is division president, Commercial Property & Casualty, ACE Overseas General, responsible for the company’s P&C insurance business outside of North America. Previously, Furby was the regional president responsible for the company’s P&C business in Continental Europe. From 2002 to 2005, he was division president of ACE Tempest Re Group. Furby joined ACE in 1996 when the company acquired the Ockham Syndicate. He was treaty underwriter for Syndicate 219, and later director of inwards and outwards reinsurance for Syndicate 2488, ACE Global Markets. Earlier in his career, he was a broker at Greig Fester.
- Edward Levin.Levin hasmore than 15 years of insurance industry experience. As division president, Accident & Health, ACE Overseas General, Levin is responsible for ACE’s personal accident, supplemental health and travel insurance business in more than 50 countries outside North America. He joined ACE in 2004 as regional executive vice president of the company’s A&H, personal lines and life insurance operations in the Europe, Middle East and Africa region, based in London. Prior to joining ACE, he served as executive vice president for Citigroup’s Europe, Middle East and Africa insurance operations in London and senior vice president, Personal Lines, for Travelers. He also had management experience at Citibank and Booz Allen & Hamilton in New York and Buenos Aires. Levin holds a Bachelor’s degree in Economics from Harvard College and a Master’s degree in International Business and Marketing from Columbia Business School.
- Darryl Page.Page has more than 30 years of insurance industry experience. As division president, Overseas Personal and Business Insurance, ACE Overseas General, Page has responsibility for ACE’s personal lines and small- and mid-sized commercial insurance operations in 50 countries outside of North America. Prior to joining ACE, he served as president of Personal Insurance at Fireman’s Fund in the U.S. Previously he had spent 27 years at Allstate. In addition, Page served as Chairman of Allstate Canada. He holds a Bachelor’s degree in Economics from Santa Clara University in California.
Source: ACE Group
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