ACE Announces Leadership Promotions in Continental Europe

  ACE Announces Leadership Promotions in Continental Europe

Business Wire

PARIS -- August 20, 2013

ACE Group today announced management promotions within two of its key
divisions in Continental Europe as it plans for the future of its property and
casualty insurance business.

David Snanoudj, currently Property Manager for ACE in France, has been
appointed Regional Manager, Property for Continental Europe. In this role,
David will have profit centre responsibility for ACE’s property portfolio
across the region. He will oversee all aspects of underwriting and will drive
strategy including the profitable development of the portfolio.

David will remain based in Paris. He will report to Jeff Moghrabi, Chief
Operating Officer, Continental Europe at ACE and to Jarrod Hill, Executive
Vice President and Head of International Property for ACE Overseas General. He
replaces John Neeson, who has chosen to retire from the role.

In addition, Grant Cairns has been promoted to the role of Regional Manager,
Financial Lines for ACE in Continental Europe. Grant will have profit centre
responsibility for ACE’s financial lines business across the region, lead
strategy for the portfolio and continue to drive its profitable expansion.
Grant was previously Vice President and Assistant Product Manager, Financial
Lines for ACE’s international operations.

Grant will continue to be based in London and will report to Jeff Moghrabi and
to Timothy O’Donnell, Executive Vice President, Financial Lines, ACE Overseas
General. He replaces Nadia Cote, who was recently promoted to the position of
Country President for ACE in France.

Jeff Moghrabi, Chief Operating Officer, Continental Europe, at ACE, said:

“David has done a terrific job of managing our property business over the past
four years in France, our largest market in the region, in a very competitive
marketplace. He also brings to the role extensive experience in broking and
portfolio management across our core customer segments – including
multinational and middle-market business. These will be great strengths as we
continue to chart challenging market conditions and step up our customer focus
across Continental Europe.

“Grant’s detailed underwriting knowledge will be invaluable as we continue
building our financial lines capabilities across Continental Europe, not least
in professional indemnity and private company D&O. He also brings a strategic
and international perspective – including recent emerging markets experience –
which will be of huge value for us. We welcome him to our regional team.

“I would also like to thank John Neeson for the excellent job he has done of
overseeing our regional property portfolio over the past four years, including
the important portfolio review work which he has successfully launched and
executed. We all wish him well in his retirement.”

David Snanoudj has spent his 13 year career in the insurance industry, with
experience gained in both the broking and underwriting sectors. He has been
with ACE in France for four years, where he has successfully managed the
financial performance and growth of the property portfolio. He joined the
company from AIG Europe in 2009, where he performed a similar role. He
previously spent several years serving in various technical and management
roles with insurance broker Marsh.

Grant Cairns has 16 years of insurance industry experience and has specialised
in financial lines for 13 of these, in both underwriting and broking roles. He
joined ACE ten years ago from insurance broker Willis and has held positions
of increasing responsibility for ACE in Australia, including profit centre
management of ACE’s financial lines portfolio in Australia and New Zealand
and, more recently, assisting with financial lines product management
internationally, outside North America.


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.



Juliet Massey
Communications Manager
Tel: +44 (0)20 7173 7793