News Releases

Manama, BAHRAIN--(BUSINESS WIRE)--ACE Group today announced the promotion of Mojgan Khoshabi, Underwriting Manager for Energy insurance in MENA to the role of Regional Managing Director for ACE in the Middle East and North Africa, as it continues to develop its business across the region.

Effective 1 July, Mojgan will be responsible for the management and strategic direction of ACE’s operations and the continued development of the company’s propositions for brokers, cedants and clients across MENA. Mojgan will continue to be based in ACE’s Bahrain office and will report to Giles Ward, Regional President for ACE in Eurasia and Africa.

Mojgan’s career in the MENA insurance and reinsurance industry spans some 30 years. She joined ACE in 2011 as Underwriting Manager for Energy, MENA and latterly also held the position of Deputy General Manager for ACE American Insurance Company in Bahrain. Previously, Mojgan held various senior management and underwriting positions relating to a wide range of commercial property, energy, power and construction classes. Her appointment remains subject to the usual regulatory approvals.

Mojgan succeeds Steve Dixon who takes up a new position as Special Advisor to ACE Overseas General in London. Steve will retain his positions on the boards of ACE’s Egypt and Pakistan businesses as well as its Saudi joint venture business and will continue to manage important relationships with local regulators and joint venture partners. He will also support the ACE Overseas General team on ongoing projects focused on technical and underwriting best practice to further strengthen ACE’s key competencies across its growing international casualty portfolio. Steve will continue to report to Giles Ward, Regional President, Eurasia and Africa, with an additional reporting line to Mark Homan, Executive Vice President, Casualty for ACE Overseas General.

Giles Ward, Regional President, Eurasia and Africa at ACE Group, said:

“Mojgan’s extensive insurance industry management and underwriting experience across a wide range of risk classes, combined with her excellent market relationships, make this a very well-deserved promotion. I look forward to working with her as we continue to strengthen our partnerships and develop our portfolios across the Middle East and North Africa.”

“During the last five years, Steve has contributed greatly to the strengthening ACE’s position as one of the leading reinsurers in MENA. We extremely grateful for his leadership and very pleased that he will continue to make a key contribution to our Middle East and North Africa business.”

About ACE:

ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.

www.acegroup.com/eu