ACE Appoints Gary Jack Country President for South Africa

ACE Group today announced the promotion of Gary Jack, Chief Operating Officer, South Africa to the role of Country President as it continues to grow its business in Africa.

In his new role, Gary will be responsible for managing the performance, strategy and development of all ACE’s property and casualty and consumer lines business in South Africa. He will remain based in ACE’s Sandton office and will report to Giles Ward, Regional President, Eurasia and Africa. Gary succeeds John Nienaber, who has decided to pursue opportunities outside the company. The appointment is effective immediately.

Gary has fifteen years of insurance industry experience, including seven at ACE. Since 2012, as Chief Operating Officer, Gary has been responsible for managing the underwriting performance of both the property and casualty and accident and health businesses, as well as for operations, sales and distribution and business development. He joined ACE in South Africa in 2008 as Head of Accident and Health. Previously, he worked at AIG South Africa as Regional Underwriting Manager, Africa. Gary began his career at one of South Africa’s leading insurance brokers, Alexander Forbes Financial Services.

Giles Ward, Regional President, Eurasia and Africa at ACE, said:

“Over the past three years, Gary has been very closely involved in the development of the expanded product capability and clear strategy that we now have in place in South Africa. Thanks to this, and Gary’s strong management track record during the last seven years, our business is very well placed for the future and he has my fullest confidence as he leads us through our next phase of growth.”

“After three years of valued service as Country President, I am very sorry that we are losing John. His leadership has been pivotal to the recent success and growth of our business thanks to his excellent underwriting background and his strong market relationships. He leaves with our sincere appreciation and our best wishes for the future.”

Brian Seach, Chairman of the Board for ACE Insurance Limited in South Africa, said:

“The board is delighted to welcome Gary to the role of Country President for South Africa. Gary’s extensive insurance industry experience, proven strategic management capabilities and strong market relationships make him well suited for the role. We look forward to working with him as we continue to grow the business in South Africa. We would also like to thank John for his valuable contribution over the past three years and wish him well in his future endeavours.”

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 GroupNicholas MandalasRegional Communications Manager, EMEAT: [phone]E: [e-mail]