ACE launches Casualty Capabilities in South Africa

  ACE launches Casualty Capabilities in South Africa

Business Wire

JOHANNESBURG -- February 13, 2014

ACE Group today announced the launch of its new casualty insurance practice in
South Africa and the appointment of Lee Stacey to the role of Head of
Casualty, South Africa, as it continues to build its underwriting proposition
for corporate clients across the country.

ACE will enter the casualty market providing insurance solutions for companies
across a wide variety of industry sectors. As Head of Casualty, Lee will
increase ACE’s presence in the local insurance market focusing on public
liability, products liability and pollution coverages. Reporting to Gary Jack,
Chief Operating Officer for ACE in South Africa, she will be based in ACE’s
Sandton office with immediate effect.

Lee joins ACE from Zurich Insurance PLC in London, bringing with her 20 years
of insurance industry experience. Lee started her career at Gallagher Heaths
broking motor, A&H, terrorism and casualty risks and spent a further eight
years as a major risks casualty placement specialist for Marsh before moving
into underwriting in the global corporate casualty team at Zurich. Whilst at
Zurich, Lee was seconded to Johannesburg in 2012 which gave her insight into
the South African legal and technical environment.

Gary Jack, Chief Operating Officer for ACE in South Africa, said: "ACE was
built on its strength as a casualty market and this is still a core component
of our global underwriting offering today. The appointment of Lee is therefore
another important step for us in South Africa as we continue to progress our
strategy of increasing our product range locally in alignment with ACE’s
global offerings. Lee’s vast technical and underwriting experience is an asset
as we build our presence in this important sector of the market. We wish her
well in her new role."

John Nienaber, Chief Executive Officer for ACE in South Africa, said:
"Following the announcements last year of the launch of our financial lines
and energy insurance practice, today’s announcement reiterates our commitment
to meeting the market’s needs right across the country. Lee will be an
important addition to our growing team."


Nicholas Mandalas, Regional Communications Manager EMEA at ACE
Tel: +44 (0)20 7173 7793
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