ACE launches Casualty Capabilities in South Africa

By Business Wire,  February 13, 2014, 05:35:00 AM EDT

JOHANNESBURG--(BUSINESS WIRE)-- ACE Group today announced the launch of its new casualty insurance practice in South Africa and the appointment of Lee Stacey to the role of Head of Casualty, South Africa, as it continues to build its underwriting proposition for corporate clients across the country.

ACE will enter the casualty market providing insurance solutions for companies across a wide variety of industry sectors. As Head of Casualty, Lee will increase ACE's presence in the local insurance market focusing on public liability, products liability and pollution coverages. Reporting to Gary Jack, Chief Operating Officer for ACE in South Africa, she will be based in ACE's Sandton office with immediate effect.

Lee joins ACE from Zurich Insurance PLC in London, bringing with her 20 years of insurance industry experience. Lee started her career at Gallagher Heaths broking motor, A&H, terrorism and casualty risks and spent a further eight years as a major risks casualty placement specialist for Marsh before moving into underwriting in the global corporate casualty team at Zurich. Whilst at Zurich, Lee was seconded to Johannesburg in 2012 which gave her insight into the South African legal and technical environment.

Gary Jack, Chief Operating Officer for ACE in South Africa, said: "ACE was built on its strength as a casualty market and this is still a core component of our global underwriting offering today. The appointment of Lee is therefore another important step for us in South Africa as we continue to progress our strategy of increasing our product range locally in alignment with ACE's global offerings. Lee's vast technical and underwriting experience is an asset as we build our presence in this important sector of the market. We wish her well in her new role."

John Nienaber, Chief Executive Officer for ACE in South Africa, said: "Following the announcements last year of the launch of our financial lines and energy insurance practice, today's announcement reiterates our commitment to meeting the market's needs right across the country. Lee will be an important addition to our growing team."

Source: ACE

This article appears in: News Headlines

Referenced Stocks: ACE

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