ACE Appoints Marcos Gunn Head of Accident & Health for the Asia Pacific Region; Ignacio Borja and Miguel Sierra Named to New Positions in Latin America.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The ACE Group of Companies announced today the appointment of Marcos Gunn as Senior Vice President and Head of Accident & Health for ACE Asia Pacific. Mr. Gunn will be responsible for furthering the development of ACE's personal accident and supplemental health business throughout Asia Pacific. Mr. Gunn, who currently holds the position of Regional Vice President for Accident & Health in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , succeeds Jorge Luis Cazar, who was named President and Chief Executive Officer of ACE Latin America earlier this year. Mr. Gunn and Mr. Cazar will assume their new posts in the first quarter of 2007. In his new role Mr. Gunn will report to John Bassetto, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ACE Asia Pacific, and to Ed Clancy Ed Clancy (born 12 March 1985) is a is a British professional track and road bicycle racer who rides for the UCI Professional Continental team Landbouwkrediet-Tönissteiner. On the track his specialist discipline is Pursuit. He won the first stage of the 2005 Tour of Berlin. , President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , ACE Overseas General, and President of International Accident & Health. Ignacio Borja, President and Chief Executive Officer of ACE Colombia and Ecuador, will succeed Mr. Gunn as Regional Vice President, Accident & Health, for ACE Latin America, effective January 1, 2007. He will relocate from Bogota, Colombia to Santiago, Chile. Miguel Sierra, Chief Financial Officer for Latin America, will become President and Chief Executive Officer of ACE Colombia and Ecuador, succeeding Mr. Borja, as of January 1, 2007. "The appointments of Marcos, Ignacio and Miguel demonstrate the depth of talent we have across the entire ACE global network," Mr. Clancy said. "They will focus on expanding ACE's business and developing other regional opportunities in Asia Pacific and Latin America." The ACE Group of Companies is a global leader in insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. serving a diverse group of clients. Headed by ACE Limited (NYSE NYSE See: New York Stock Exchange : ACE), a component of the Standard & Poor's 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.acelimited.com. |
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