Newly created position for growth of ACE’s retail power and B&M portfolios
The ACE Group of insurance and reinsurance companies has appointed David Jones as Head of Power for its international property and casualty insurance business. In this newly created position, Mr. Jones will be responsible for continuing growth and performance of ACE’s retail power and boiler and machinery (B&M) portfolios in Europe, the Middle East, Africa, Asia Pacific and Latin America.
Mr. Jones is currently regional vice president and manager – Energy, Utility & Technical Risks for ACE’s Asia Pacific regional operations based in Singapore. In his new role, he will continue to be based in Singapore and will report to Eric Boquist, chief underwriting officer for ACE’s Energy Tech Group in London.
Prior to joining ACE, Mr. Jones served as Australia and New Zealand engineering manager with Allianz. He joined ACE in 2000 as regional engineer in Sydney, and since then has held different roles in the Asia Pacific region, including underwriting manager for Technical Lines in Australia and New Zealand and Asia Pacific regional manager, Tech Lines.
Mr. Boquist said: “This important new post reflects ACE’s commitment to this sector and reinforces our position as a market leader in monoline and “all-risk” package products for power generation facilities and B&M breakdown in a wide range of engineering and manufacturing plants. These sectors are facing growing challenges, not just from the impact of the global downturn, but also in light of evolving technology within gas turbines, thermal generation and renewable energy. These are sectors where experience and forward thinking are particularly important and where our expertise and track record are highly valued.”