ACE Creates New Head of Casualty Insurance Role for Eurasia and Africa
March 30 2015 - 6:17AM
Business Wire
ACE Group today announced the creation of a new underwriting
management role for its Eurasia and Africa region and the promotion
of Shankar Krishnan, currently Casualty Underwriting Manager for
MENA, to the position. The appointment is the latest in a series of
new management positions within its newest geographical business
region to be announced in recent weeks, which have included
regional heads of travel insurance and property risk
engineering.
Shankar will be responsible for the performance and development
of ACE’s expanding portfolio of casualty business and the team of
local casualty underwriters across the region’s nine markets in the
Middle East, Turkey, Africa and Russia. Under his leadership, the
team will continue to develop its product offering in line with
evolving customer needs and will work with ACE’s casualty teams in
other regions to share insights and best practice for the benefit
of customers.
Shankar will continue to be based in Dubai, reporting to Giles
Ward, Regional President, Eurasia and Africa at ACE with an
additional reporting line to Mark Homan, Executive Vice President
for Global Casualty, ACE Overseas General. The appointment is
effective 1 April.
Shankar has 20 years of insurance industry experience spanning
both casualty and other lines. He joined ACE in May 2011 in his
current role and has since overseen the successful development of
our casualty book in MENA. Before joining ACE, Shankar served in
progressively senior underwriting and management roles for AIG,
latterly as Branch Manager in Dubai. Previously, he worked in Dubai
and in India for a number of other insurance and broking
organisations.
Mark Homan, Executive Vice President of Global Casualty at ACE
Overseas General, said:
“Shankar’s extensive profit centre responsibilities and the
breadth of his experience – spanning underwriting, reinsurance,
claims, distribution and general management – equip him strongly
for this important new role. I look forward to working with him as
we continue to grow our business.”
Giles Ward, Regional President, Eurasia and Africa at ACE Group,
said:
“As the latest in a series of appointments in ACE’s newest
business region, this is a further demonstration of our commitment
to building our specialist insurance presence across Eurasia and
Africa and our confidence in our ability to provide relevant
casualty solutions for the market.”
ENDS
About ACE:
ACE Group is one of the world’s largest multiline property and
casualty insurers. With operations in 54 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.
Visit www.acegroup.com/eu
ACE GroupNicholas MandalasRegional Communications Manager,
Europe, Eurasia & AfricaT: +44 20 7173 7793E:
nicholas.mandalas@acegroup.com
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