ACE Announces Three Appointments to Its Middle East and North Africa Underwriting Team

BAHRAIN--(BUSINESS WIRE)-- ACE Group today announced three appointments to its underwriting team in MENA, as it continues to build its insurance capabilities in the region.

Warda Saeed Habib has been appointed to the role of Regional Underwriting Manager, Property for ACE in MENA. In her new role, Warda will be responsible for managing the underwriting performance of ACE’s property insurance portfolio in the region, and for driving its future profitable development.

Warda has 12 years of insurance industry experience, having held a series of property underwriting roles. She joins ACE from Hannover Re, where she held the position of Facultative Reinsurance Manager in Bahrain. In her new role, she will report to Mojgan Khoshabi, Regional Managing Director for ACE in MENA. Her appointment follows the recent promotion of Carlos Beltran to Regional Head of Placement and Facultative Reinsurance for ACE in Latin America.

Ayat Sobeh, currently Property Underwriter for ACE in MENA, has been promoted to the role of Senior Property Underwriter for the region. In her new role, Ayat will contribute to the profitable growth of ACE’s property insurance portfolio in the region. Ayat joined ACE in 2007, when the company opened its MENA operation, as Underwriting Assistant, Property. In her new role, Ayat will report to Warda Saeed Habib.

Batool Ali, currently Underwriting Assistant, Casualty for ACE in MENA, has been promoted to the role of Assistant Energy Underwriter. In her new role, Batool will contribute to further building ACE’s energy portfolio across the region. Batool joined ACE in 2010. In her new role, she will report to Hassan Yousif, Senior Underwriter Oil and Energy, for ACE in MENA.

All three appointments are effective immediately and will be based in Bahrain.

Mojgan Khoshabi, Regional Managing Director for ACE in MENA, said:

“The three appointments underline our commitment to investing in a strong, locally empowered underwriting team with a deep understanding of the regional risk landscape. Warda is a great addition to our highly skilled team and both Ayat and Batool have already distinguished themselves since they first joined ACE. I am looking forward to working with all three ladies in their new roles.”

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

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ACE

Nicholas Mandalas

Regional Communications Manager, Europe, Eurasia & Africa

T: +44 20 7173 7793

E: [email protected]

Source: ACE