ACE Announces Leadership Appointments in Continental Europe

  ACE Announces Leadership Appointments in Continental Europe

  ***Jeff Moghrabi appointed Chief Operating Officer, Continental Europe***

      ***Serge Osouf appointed Senior Advisor, Emerging Markets, EMEA***

             ***Nadia Côté appointed Country President, France***

  ***Stéphane Baj appointed Regional Director of A&H Corporate and Affinity,
                                   EMEA***

Business Wire

PARIS -- July 1, 2013

ACE Group today announced a number of senior management promotions as it
continues to invest for the future in its European region.

Jeff Moghrabi, Country President for ACE in France, has been promoted to the
position of Regional Chief Operating Officer, Continental Europe. Jeff will
have responsibility for the performance and development of all lines of
business for ACE in Continental Europe as well as for the sales and
distribution function in the region. He will also play a leading role in
driving regional strategy.

Serge Osouf, currently Executive Vice President, Continental Europe at ACE,
has chosen to step down from this position. At the request of the management
team he has agreed to serve, on a part-time basis, in a new role as Senior
Advisor, Emerging Markets for Europe, Middle East and Africa (EMEA). He will
remain a board member of ACE entities in Russia, Egypt, Pakistan and the joint
venture in Saudi Arabia.

Nadia Côté, Financial Lines Manager for ACE in Continental Europe, has been
promoted to the role of Country President for France. Nadia will have full
management responsibility for ACE’s largest country in Continental Europe,
manage the company’s 200-strong team and lead France’s business strategy.

In addition, Stéphane Baj, Director of Accident and Health, Life and Personal
Lines for ACE in France, has been promoted to the newly created position of
Regional Director of A&H Corporate and Affinity, EMEA. With profit centre
responsibility for this important A&H segment across ACE’s Europe, Middle East
and Africa region, Stephane will be responsible for developing and executing
strategy, ensuring profitability of the portfolio and developing new customer
propositions.

Andrew Kendrick, President, ACE European Group, said:

“These promotions reflect our continued investment across EMEA and, in
particular, our accident and health and emerging markets businesses. They also
reflect our commitment to diversity and to the development of home-grown
talent at ACE.

“Jeff is the perfect choice for the senior role of Regional Chief Operating
Officer, having managed two of our largest country operations and three of our
emerging markets in Europe, and given his excellent industry pedigree. I am
also very grateful for Serge’s huge contribution to ACE over ten years – and
delighted we will continue to benefit from his vast emerging markets
experience.

“As Country President, our French business will greatly benefit from Nadia’s
successful management of our complex regional financial lines portfolio
combined with her deep understanding of underwriting and distribution. Also in
France, our corporate and affinity business has seen stellar growth under
Stéphane’s leadership and his instrumental role in driving our specialty
personal lines strategy further equips him for this important new management
position for our EMEA region.”

All four individuals will continue to be based in Paris. Jeff and Nadia will
report to Joseph Clabby, Regional President, Continental Europe. In his new
advisory role, Serge will now report to Andrew Kendrick, President, ACE
European Group. Stéphane will report to Patrick Drinan, Regional Senior Vice
President, Accident and Health, EMEA. All changes are effective 1 July 2013.

Jeff Moghrabi has spent his 33-year career in the insurance industry and has
been with ACE for the last ten of these. He was Country President for Italy
before taking responsibility for the company’s French operations in 2007 and
has also managed ACE’s operations in Poland, Czech Republic and Hungary. Jeff
began his career as an underwriter and has held various general management
roles with two other global insurers.

Nadia Côté has worked in the insurance industry for 18 years in number of
underwriting and management roles. She joined ACE in Paris in 2000 and has
held a succession of progressively senior positions, mainly in financial
lines. Nadia has also managed the major account and multinational segment for
ACE in France. Before joining ACE, she worked for a global insurer in Canada
and France.

Stéphane Baj joined ACE in 2007 in his current role and has presided over
strong growth in the French A&H portfolio since that time. Before joining ACE,
he completed 17 years of service in the international medical and travel
assistance industry. This included various business development positions in
France, including ten years at International SOS.

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.

Visit www.acegroup.com/eu

Contact:

For further information, please contact:
Juliet Massey, Communications Manager, EMEA at ACE
juliet.massey@acegroup.com
Tel: +44 (0)20 7173 7793
 
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