Five regional managers appointed, two new business segments created
ACE is aiming to drive up service for brokers with a wide-ranging restructure for UK and Ireland.
ACE told Insurance Times today it would:
• Create two new business segments, major risks and corporate. Both major risks and corporate will have underwriters and business development teams covering property and casualty, and accident and health.
• Appoint five regional mangers to Ireland, Scotland, the North, the Midlands and London/South East to work closely with regional broker partners.
• Launch a series of multi-line products targeting specific industry sectors, ranging from retail to construction.
• Place its accident and health products to join the other speciality products on ACE online. ACE online targets SME and corporate business.
ACE UK President Richard Pryce said: “These developments will enable us to build our presence further with a structure that better aligns our service capabilities and underwriting expertise directly with the needs of brokers and clients.
“Increasing local empowerment and facilitating brokers access to a broader range of products are key to achieving our ambitious growth plans for the UK and Ireland.”
The five regions – Ireland, Scotland, the north, Midlands and London/south east – all have their appointments in place, except London and the south east.
Pat Drinan, currently national distribution and development director for UK and Ireland, will become director of corporate risk.
Drinan said ACE’s goal was to be ‘market leaders’ in their target markets, and the regional managers would help foster a closer working relationship with brokers.
The major risks segment is currently headed up by Phil Sharpe, director of casualty and major risks.