News Releases

NEW YORK--(BUSINESS WIRE)--The ACE Group announced today that Damien Sullivan has been named Chairman of the company’s Asia Pacific region. Currently the region’s President, Mr. Sullivan in this new role will focus on governance, strategic planning and senior customer relationships across the region, which spans North and Southeast Asia, Australia and New Zealand. Mr. Sullivan will continue to report to John Keogh, Vice Chairman and Chief Operating Officer, ACE Limited, and Chairman, Insurance – Overseas General, and will relocate from Singapore to Australia.

Juan Luis Ortega will succeed Mr. Sullivan as Regional President, Asia Pacific, with overall responsibility for the general management and business results of the commercial and personal property and casualty and personal accident insurance operations in the region’s 12 countries and territories. Currently Senior Vice President and Head of Accident & Health for the region, Mr. Ortega will continue to be based in Singapore and will report to both Mr. Keogh and Mr. Sullivan.

In a related appointment, Paul McNamee has been named Deputy President, Asia Pacific. Currently Division President, North America Property & Specialty Lines, Mr. McNamee will lead the commercial P&C business in the region as well as have direct responsibility for several key strategic markets. He will relocate from Philadelphia to Singapore and report to Mr. Ortega.

All of the appointments are effective September 1, 2013.

“I first want to extend my congratulations to Damien for his outstanding guidance of the Asia Pacific region for the last three years,” said Mr. Keogh. “His leadership and exemplary performance have built a strong franchise in the region. He is a great partner and I look forward to his continued contributions as a trusted advisor to me and Juan Luis.

“Our announcements today also demonstrate our company’s ability to advance senior managers around the globe – they are a reflection of the dynamism and global character of ACE. We are fortunate to have the depth of management talent in Juan Luis and Paul, who have proven insurance professionalism and the success to readily step into these new roles,” Mr. Keogh added. “I have every confidence in Juan Luis to now lead our team in continued profitable growth in Asia Pacific.”

Mr. Sullivan joined ACE in 2002. With more than 30 years of experience in the insurance industry, Mr. Sullivan has held senior underwriting and general management positions in Europe and Asia Pacific. Prior to his role as Regional President, which he assumed in 2010, he served as Executive Vice President and Chief Operating Officer for Asia Pacific, and prior to that he served as Country President of ACE’s Australia and New Zealand businesses.

Mr. Ortega joined ACE in 1999 and assumed his current position as head of the region’s accident and health insurance business in 2010. Prior to this assignment, he was the Senior Vice President and Regional Head of Accident & Health for ACE’s Latin America operations. Previously, he served as Country President for ACE in Chile from 2005 to 2008 and has held other senior management positions with ACE in Mexico, Miami, Puerto Rico and Ecuador.

Mr. McNamee joined ACE in 1995 in Australia and was named Head of Property and Technical Lines for Asia Pacific in 2002, based in Singapore. Mr. McNamee went on to become the Chief Operating Officer for ACE in Hong Kong before being posted to London in 2005 as the Executive Vice President and Head of ACE’s International Property & Technical Lines business. He assumed his current role in North America in 2009.

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. Additional information can be found at: www.acegroup.com.

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