ACE Appoints New Senior Managers in South Africa and New Zealand.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 new senior managers in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . Scott Pickering, Country Manager and Managing Director of ACE New Zealand, has been appointed Chief Executive Officer for ACE's new South Africa operation. Based in Johannesburg, Mr. Pickering will report to Richard Pryce, an Executive of ACE European Group. Mr. Pickering will assume the new post in early February, with business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets commencing in April. Michael Poole, Regional Manager in New Zealand, has been appointed to the position of Managing Director of ACE New Zealand succeeding Mr. Pickering. Mr. Poole has held a number of senior positions with ACE. He was Southern Regional Manager of ACE New Zealand from 1999 to 2001 before moving to Australia to become Southern Region Casualty Manager and later State Manager for ACE's Queensland operation. He was General Manager of ACE Thailand before returning to New Zealand in April 2005 to take up the position of Northern Regional Manager. Mr. Pickering, who joined ACE in 1999 following the acquisition of CIGNA's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , has held the position of Managing Director of ACE New Zealand since November 2004. Prior to that position, he held a number of senior posts with ACE in the Asia Pacific Region, including assignments in Japan, Hong Kong, Australia, Philippines, Thailand and Indonesia. In addition, ACE has appointed Brian Seach Non-Executive Chairman of ACE South Africa. Mr Seach was previously Chairman and Director at Glenrand Group, where he was responsible for the development of international operations. He has extensive knowledge of the South African insurance market, having worked in management positions within the industry for over 30 years, and served as Chairman of the South African Insurance Association. "ACE's re-entry RE-ENTRY, estates. The resuming or retaking possession of land which the party lately had. 2. Ground rent deeds and leases frequently contain a clause authorizing the landlord to reenter on the non-payment of rent, or the breach of some covenant, when the into the South African market is in response to the country's fast growing economy and in recognition of opportunities in the wider region," said Gary Schmalzriedt, Chairman and Chief Executive Officer, ACE Overseas General. "We are delighted to be able to rely on Scott's proven management abilities to establish ACE in the southern African region, and pleased that Michael's proven management strength will help us expand our successful New Zealand operation." ACE Overseas General is the international property and casualty, accident and health, and Lloyd's operations of the ACE Group of Companies. The ACE Group 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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