ACE Appoints Michael Frazer as Asia Pacific’s Manager for Energy & Engineering

SINGAPORE--(BUSINESS WIRE)--ACE Insurance, part of the ACE Group of insurance and reinsurance companies, today announced its appointment of Michael Frazer as the Manager, Energy & Engineering, Asia Pacific. Michael currently holds a similar role in ACE Australia and New Zealand.

Michael has 13 years of Property, Energy and Engineering Underwriting experience with ACE Australia where he is based in Sydney. He will relocate to Singapore in January 2013 where he will join the Asia Pacific Regional team to position ACE as a market leading insurer in Energy, Construction and Power Generation.

Michael has over 10 years of Energy and Engineering underwriting experience with ACE and for the past four years has held the role of Manager for Energy, Utilities and Engineering for ACE Australia and New Zealand. He holds a Bachelor of Arts with a Diploma of Education, a Certificate IV in General Insurance as well as a Diploma of General Insurance.

On the new appointment, Jarrod Hill, Regional Head of Property & Casualty ACE Asia Pacific said “Michael’s passion for the business and experience with major Energy and Engineering accounts makes him a natural replacement for the incumbent Aaron Shead who has been promoted to Vice President, Energy/Property Underwriting, based in Bermuda. This succession plan shows the depth of talent we have at ACE as we develop our human capital to meet the evolving business needs across our network.”

ABOUT ACE

The ACE Insurance franchise in Asia Pacific comprises an extensive network of operations serving Australia, Hong Kong, Indonesia, Korea, Macau, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam. The franchise offers a diverse range of products, including its core Property & Casualty and Accident & Health lines, as well as its growing Small to Medium Enterprise and Personal Lines businesses. ACE Insurance is part of the ACE Group, 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 53 countries.

Visit www.acegroup.com for more details.

ACE Insurance, ACE Group of Companies and ACE Limited are registered trademarks of ACE Limited.