ACE launches international excess unit
ACE has launched a new business to provide commercial property insurance on an excess basis, targeting large companies in the Asia Pacific region.
ACE International Excess will be modelled after ACE Bermuda International, ACE Group’s existing high excess unit, and will provide coverage for exposures that are generally low in frequency and high in severity.
Troy Sexton has been appointed as regional head, ACE International Excess, Asia Pacific and will be based in Singapore.
Sexton first joined ACE in 2002 as the company’s New Zealand property manager. Since 2009, Sexton has had the role of strategic property Manager, Asia Pacific.
He will report to Paul McNamee, deputy regional president and regional head of property and casualty.
McNamee said: “With the Singapore market growing as the regional hub for Asia Pacific, this is an opportune time to have someone of Troy’s calibre in Singapore to lead this important initiative. We are particularly fortunate to have Troy in this role given the depth of his experience gained from both his stint in Europe and, more recently, his time as strategic property manager, Asia Pacific.”
Rob Rebellato, executive vice president, ACE Bermuda, added: “As ACE Group continues to expand its high excess property portfolio geographically, having an underwriting unit in the Asia Pacific region will improve our access to that growing market-place and enable us to service our clients and brokers more effectively.”