News Releases

LONDON--(BUSINESS WIRE)--ACE European Group (NYSE:ACE) has today announced the appointment of Steve Dixon as Regional Managing Director, ACE Middle East and North Africa (MENA). Steve succeeds Giles Ward, who has led ACE MENA since 2006, now appointed to the position of Chief Executive Officer for ACE Australia & New Zealand. Steve’s appointment remains subject to regulatory approval.

Steve has been with ACE since the acquisition of CIGNA in 1999, at which time he was responsible for the UK Commercial P&C operations. In 2001 Steve assumed the position of Casualty Manager for Continental Europe and Emerging Markets. In April 2006 he moved to Tokyo as Regional Vice President and Director of ACE Far East responsible for the P&C and Personal Lines businesses.

Andrew Kendrick, Chairman and CEO, ACE European Group, said: “Steve takes the helm of a fast growing, successful regional business. I would like to thank Giles Ward for his significant contribution in establishing our MENA operation, which now comprises Egypt, Pakistan, Saudi Arabia and the UAE via the Regional Office in Bahrain, which ACE established in 2007. This built upon long standing relationships between ACE and countries within the region. MENA offers significant opportunities, especially within the construction and energy sectors, but also within the A&H and Personal Lines arena. Steve is the ideal candidate to lead this business as we go from strength to strength.”

About ACE

ACE European Group has established branch offices in 21 countries across Europe, Freedom of Services permission to provide insurance services to clients in 30 EEA countries and affiliates in Egypt, Bahrain, Saudi Arabia, UAE, 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.

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 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.acegroup.com.