News Releases

LONDON--(BUSINESS WIRE)--ACE Insurance has today announced the appointment of Mr R. Raman as Middle East and North Africa (MENA) Regional Manager - Construction and Property Insurance.

In this new role for the region, Mr Raman will be based in the Bahrain office and report to Mr Giles Ward –MENA Regional Director. He will be responsible for developing and underwriting construction and property business within the Bahrain branch and he will also provide technical support to ACE’s underwriting teams within the wider region.

Mr Raman has over 20 years experience within the insurance industry and joins ACE from Liberty International Underwriters where he was Assistant Vice President – Energy and Construction for the Middle East. He has also worked for AIG and AXA and graduated as a Mechanical Engineer from Bangalore University, India.

Announcing Mr Raman’s appointment, Giles Ward comments: “I am delighted to welcome Raman to ACE’s expanding operations within the region. We have seen some exciting developments this year, including our license approval by the Central Bank of Bahrain to write commercial property and casualty insurance and reinsurance in Bahrain.

“I am very pleased to have someone with Raman’s experience joining the team as he will play an important role in building on our initial success and in developing our product offering and service solution to both clients and brokers.”

Notes to editors:

ACE

The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component of the Standard & Poor’s 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com

ACE European Group has established branch offices in 19 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 European countries and affiliates in Egypt, Bahrain, Pakistan, Russia and South Africa.

Part of the ACE Group of Companies, ACE European Group comprises the operations of ACE Europe, ACE Global Markets and ACE Tempest Re Group. ACE Europe provides a range of tailored Property and Casualty, Accident and Health and Personal Lines solutions for a diverse range of clients. ACE Global Markets (AGM) is ACE’s specialty international business, underwriting through ACE’s Lloyd’s Syndicate 2488 and ACE European Group Limited. Specialty lines include excess and surplus lines business, Marine, Aviation, Energy and Political Risk as well as Property, Financial Lines and Accident and Health. Additional information on ACE European Group can be found at www.aceeuropeangroup.com.