ACE launches dedicated financial lines insurance team in Turkey; appoints Sare Bayat as Financial Lines Manager Business Wire ISTANBUL -- June 26, 2013 ACE Group today announced the launch of a new, dedicated financial lines team in Turkey and the appointment of Sare Bayat as Financial Lines Manager as it continues to build its liability insurance capabilities in the country. The launch takes place at a time when Turkish business executives’ awareness of the legal responsibilities associated with business leadership and decision-making is growing and the liability risks for companies are increasing as the Turkish economy integrates with global markets. In this role, Sare will be responsible for the continued growth and development of ACE’s financial lines portfolio in Turkey, and the expansion of its customer base, with a focus on directors and officers liability. She will report to Ebru Gurtan, ACE’s Country President for Turkey and to Nadia Cote, Financial Lines Manager for ACE in Continental Europe. Sare started her career at Oyak Securities as a financial analyst where she worked for two years before joining insurer AIG as Financial Lines Profit Manager in 2005. During her time at AIG, she was responsible for the strategic development of financial lines in Turkey, including forecasting, budgeting, talent management, plus marketing and growth strategy. Sare gained a BA Degree from Koc University, Department of Business Administration in 2004. She previously also attended Simon Fraser University (Canada), studying Business & Management Studies/Finance. After graduation, she joined a masters programme at Bogazici University and graduated with a MSc in Financial Engineering in 2008. Ebru Gürtan, Country President for ACE in Turkey, said: “At ACE, we have steadily been building our financial lines capabilities in Turkey in recent years. In Sare, we have recruited one of the best in the business to lead a new, dedicated team that will now allow us to further build our proposition for customers as they navigate the increasingly complex operating environment. This announcement underlines our position as a pioneer of innovative liability products in Turkey as company directors and CEOs face increasing legal and financial responsibilities to shareholders in terms of transparency and corporate structure.” Tim O’Donnell, Executive Vice President, Financial Lines, for ACE’s overseas operations, said: “We see Turkey as one of the world’s key emerging insurance markets and extending our successful global financial lines franchise is a reflection of our commitment to the country. I am confident that our extensive global expertise, combined with our clear focus on hiring strong local underwriting talent such as Sare, will greatly benefit our customers in Turkey.” Recently, ACE has established a new financial lines team in South Africa, as well as appointing a new Dubai-based financial lines manager for its Middle East and North Africa (MENA) region. ENDS About ACE: 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. Contact: ACE Juliet Massey Communications Manager, EMEA Tel: +44 (0)20 7173 7793
ACE launches dedicated financial lines insurance team in Turkey; appoints Sare Bayat as Financial Lines Manager
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