Johannesburg – 6 November 2019– Chubb today announced that GCR Ratings (GCR) has affirmed Chubb Insurance South Africa’s national scale financial strength rating of AA(ZA), with a stable outlook.
Gary Jack, Country President for Chubb Insurance South Africa Limited said:
‘I am pleased with GCR’s decision to retain Chubb South Africa’s national scale financial strength rating at AA(ZA) with a stable outlook, particularly given the challenging economic conditions and insurance market environment. This again serves as a measure of security and confidence to our customers, brokers and business partners. The rating recognises the continued execution of our core strategies and our commitment to underwriting discipline. It is further underpinned by the group’s financial strength and deep technical expertise.’
For further information read the full GCR release here.
Johannesburg – 2 June 2016 – Chubb today announced the appointment Tirelo Tsheoga to the role of Senior Property Underwriter for its insurance subsidiary, ACE Insurance Limited in South Africa.
In his role, Tirelo will be responsible for underwriting, development and administration of the company’s property insurance portfolio in South Africa. He will handle existing renewals as well as develop and grow the new business portfolio – servicing Chubb’s major global broker partners based in Johannesburg and the Western Cape. He will also provide support and help to further enhance the company’s client service in the onshore energy insurance sector, where it has an active portfolio.
Tirelo has eleven years of relevant insurance industry experience. He joins the company from Mutual and Federal Insurance Company where he spent the majority of his career in various underwriting positions, with the responsibility for production and maintenance of new and existing business. His most recent position prior to joining ACE was Energy & Property Manager: Underwriting and Business Development. Tirelo will be based in the company’s Sandton office and his appointment is effective immediately.
James Ison, Head of Property, Energy and Tech Lines said:
“We are delighted to welcome Tirelo to ACE. Tirelo brings a wealth of knowledge and experience which will complement the skills and dynamics within the team and we look forward to working with him."
Johannesburg – 12 February 2016 – Chubb today announced the appointment of Alexandra Schudel as Head of Financial Lines for its insurance subsidiary, ACE Insurance Limited South Africa.
In her role, Alexandra will be responsible for the development and profitable growth of the company’s financial lines portfolio, with an emphasis on directors and officers (D&O) liability, public offering of securities (POSI), professional identity (PI), medical malpractice, and cyber risks.
Alexandra has thirteen years of relevant insurance industry experience. She joins the company from Aon where she was responsible for managing a portfolio of over 400 clients across all industry sectors and financial lines business development. Prior to that, Alex spent ten years in Europe holding various senior underwriting and management positions with responsibility for a broad range of financial lines products. Her appointment is effective immediately. Alexandra succeeds Quinton Kotze, who is relocating to Chubb’s Australia office to take up the position of Head of Financial Lines, South Wales.
Gary Jack, Country President for ACE Insurance Limited South Africa, said:
“I am delighted to welcome Alexandra to the company. Her extensive financial lines experience and a proven leadership track record gained at global insurers and brokers will be instrumental in building up our capabilities and offering in an area of risk that is of increasing importance to businesses in South Africa.”
“Quinton has done an outstanding job rapidly growing our financial lines business and building up an exceptional team. We wish him every success in his new role”.
Chubb launches new multinational political violence and terrorism cover in South Africa
Johannesburg – April 2016 – ACE Insurance Limited, Chubb group’s South African subsidiary, today announced the launch of ACE Political Violence and Terrorism Plus, a multinational political violence and terrorism insurance solution for businesses in South Africa with both domestic and international operations.
The new solution has been designed to respond to changing client needs and increasing demand for cover in today’s evolving geopolitical environment. It provides comprehensive, market-leading
multinational cover through the company’s extensive global network. It also offers integrated cover across the full spectrum of terrorism and political violence perils, now including:
James Ison, Head of Property & Energy, South Africa, said:
“With this launch, we continue to establish our market position as a leader and innovator in terrorism and political violence risk solutions. Coupled with the unrivalled strength of our network globally and the experience of our dedicated underwriting team, clients in South Africa can rest assured that they are getting the most comprehensive cover possible for this constantly evolving and challenging risk.”
Johannesburg - 26 May 2016 — ACE Insurance Limited, Chubb Group’s South African subsidiary, today announced the launch of Cyber Enterprise Risk Management, as the company continues to invest in its cyber risk capabilities.
Cyber Enterprise Risk Management is an end-to-end risk management solution, designed to meet the needs of middle-market and larger companies as well as multinationals in South Africa and Sub-Saharan Africa. It includes a wide range of cyber risk assessment, post-event crisis management and risk transfer solutions to address the growing enterprise-wide cyber and data privacy risks facing companies of all sizes. The policy provides comprehensive cyber risk cover, including for first party business income loss, data restoration, cyber extortion, third party liability arising from privacy and security incidents, and for crisis response costs.
Crawford & Company, a global leader in claims and crisis management, will provide clients with a single point of contact and a 24/7 incident response platform to report cyber incidents. Crawford’s qualified incident managers will help insureds navigate through the complexities of a cyber incident from start to finish and offer access to a global network of crisis management service providers.
Highlights of the new solution include:
Tim Stapleton, Vice President and Cyber Insurance Product Manager, Overseas General Insurance at Chubb, said:
“Brokers and clients have told us they want an end to unclear and opaque language, as well as less promotion of off-the-shelf cyber products by insurers and more joined-up risk management solutions. We have launched Cyber Enterprise Risk Management in response. The new solution underlines our commitment to provide cover for the wave of new, emerging risks that worry risk managers the most.”
Alexandra Schudel, Head of Financial Lines and Casualty for South Africa, said:
“Our simplified policy wording and holistic approach to risk management and incident response, means clients and brokers can feel confident about what they are getting, and how it works to protect them against the growing challenges faced by business when managing their cyber risk. Cyber Enterprise Risk Management combined with our team of cyber experts locally and internationally and our end-to-end solution with Crawford positions us to provide our clients with the market leading cyber risk solutions and service they deserve.”
Johannesburg — May 28, 2015 — ACE Group today announced the promotion of Gary Jack, Chief Operating Officer, South Africa to the role of Country President as it continues to grow its business in Africa.
In his new role, Gary will be responsible for managing the performance, strategy and development of all ACE’s property and casualty and consumer lines business in South Africa. He will remain based in ACE’s Sandton office and will report to Giles Ward, Regional President, Eurasia and Africa. Gary succeeds John Nienaber, who has decided to pursue opportunities outside the company. The appointment is effective immediately.
Gary has fifteen years of insurance industry experience, including seven at ACE. Since 2012, as Chief Operating Officer, Gary has been responsible for managing the underwriting performance of both the property and casualty and accident and health businesses, as well as for operations, sales and distribution and business development. He joined ACE in South Africa in 2008 as Head of Accident and Health. Previously, he worked at AIG South Africa as Regional Underwriting Manager, Africa. Gary began his career at one of South Africa’s leading insurance brokers, Alexander Forbes Financial Services.
Giles Ward, Regional President, Eurasia and Africa at ACE, said:
“Over the past three years, Gary has been very closely involved in the development of the expanded product capability and clear strategy that we now have in place in South Africa. Thanks to this, and Gary’s strong management track record during the last seven years, our business is very well placed for the future and he has my fullest confidence as he leads us through our next phase of growth.”
“After three years of valued service as Country President, I am very sorry that we are losing John. His leadership has been pivotal to the recent success and growth of our business thanks to his excellent underwriting background and his strong market relationships. He leaves with our sincere appreciation and our best wishes for the future.”
Brian Seach, Chairman of the Board for ACE Insurance Limited in South Africa, said:
“The board is delighted to welcome Gary to the role of Country President for South Africa. Gary’s extensive insurance industry experience, proven strategic management capabilities and strong market relationships make him well suited for the role. We look forward to working with him as we continue to grow the business in South Africa. We would also like to thank John for his valuable contribution over the past three years and wish him well in his future endeavours.”
JOHANNESBURG – 24 February 2015 - ACE Group today announced the appointment, effective immediately, of Charles Moriarty as Risk Engineer for South Africa, as the company continues to build its property insurance proposition for corporate clients in the country and across Sub-Saharan Africa.
In his role, Charles will help ACE’s corporate clients to develop local, regional or multinational risk management programmes. In addition to visiting clients’ premises to assess potential hazards and risk mitigation, Charles will also assist the local ACE underwriting and claims teams on technical matters.
Charles has more than ten years of insurance industry and risk management experience. He joins ACE from Marsh Risk Consultancy where he held the position of Senior Risk Consultant. He will be based in ACE’s Sandton office, reporting to Brian Partridge, Head of Technical and Portfolio Management, Property for ACE in South Africa.
James Ison, Head of Property for ACE in South Africa, said: “Charles is a great addition to our property underwriting team. His extensive risk management experience will allow us to evaluate even better the wide variety of risks our clients face and develop comprehensive propositions to cover their risk management needs.”
John Nienaber, Country President for ACE in ACE South Africa said: “Charles’ appointment is yet another important step in our strategy of leveraging and replicating ACE’s global expertise and underwriting capabilities locally to provide our clients with unmatched insurance solutions. Charles’ expertise, in combination with our wealth of international risk management experience, will allow our growing property team to help companies manage their risk exposures more effectively, mitigating potential risks they may face.”