ACE Appoints Shankar Krishnan as MENA Regional Casualty Manager

MANAMA, Bahrain - Monday, June 13th 2011 [ME NewsWire]

(BUSINESS WIRE)-- ACEhas today announced the appointment of Shankar Krishnan to the position of Regional Casualty Manager for its Middle East and North Africa (MENA) business. Shankar will be based in the company’s Dubai International Financial Centre (DIFC) operation which opened in December 2010.

Shankar joins ACE from Chartis in Dubai where he was the Branch Manager, responsible for the management and business development of the company’s Dubai operations. He has over 15 years experience of the casualty market in the MENA region, having previously held Underwriting and Management positions throughout UAE and India.

Shankar will report into Steve Dixon, Regional Managing Director for ACE MENA. Steve Dixon comments: “I am delighted to welcome someone of Shankar’s experience to ACE. He is well positioned to help continue the growth of our highly profitable Casualty portfolio throughout the MENA region.

“His appointment further builds our presence in the DIFC where we have in place a solid team of specialist underwriters located close to the local market, reinforced by access to the resources of our global network of offices in 53 countries worldwide.”

Notes to Editors

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.comor www.ace-mena.com

Contacts

Katie Weeks,

ACE EMEA Communications Manager

+44 (0)207 173 7585

katie.weeks@acegroup.com