Brought to you by:

Ace lines up Asia-Pacific team before Chubb integration

Ace has unveiled its team to oversee 13 markets in the Asia-Pacific region, including Australia, when the merger with US insurer Chubb is completed in the first quarter of next year.

The four appointments will report to the new Chubb Group Senior VP and Regional President Asia-Pacific Juan Luis Ortega.

In turn, he will report to Chubb Group Executive VP and Overseas General Insurance President Juan Andrade.

“The long-term growth opportunities in Asia-Pacific are perhaps the greatest of any region,” Mr Andrade said. “Reaching our potential in Asia-Pacific requires strong, capable, talented and effective leaders. That’s what we are announcing.”

The four senior appointments are:

  • Paul McNamee, Deputy Regional President and Executive, Commercial Property and Casualty Asia-Pacific
  • Glen Browne, Senior VP, Accident and Health Asia-Pacific
  • Edward Ler, Senior VP Personal Lines Asia-Pacific and Country President Indonesia
  • Kevin Bogardus, MD China.

The other 12 markets in the Asia-Pacific business are New Zealand, China, Hong Kong, Indonesia, South Korea, Macau, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam.

Zurich-based Ace’s $US28.3 billion ($39.14 billion) friendly takeover of Chubb will create a merged entity with a combined revenue of $US31 billion ($42.88 billion).