ACE Opens New Office in Ukraine
LONDON–()–ACE today announced that it has opened a representative office in Kyiv,
as the latest step in its expansion across Europe.
As well as acting as a liaison office for ACE’s multinational clients
with a presence in Kyiv, this will enable ACE to build its profile and
relationships with the Ukraine insurance market locally for the first
time. The office will also lead ACE’s research as it considers future
opportunities to participate in Ukraine’s property and casualty
insurance sector.
ACE has appointed Yuriy Shustyk to manage its new office in Kyiv. Yuriy
has 14 years of insurance industry experience and was Executive Director
at Aon Risk Solutions, Ukraine before joining ACE.
Yuriy Shustyk, Head of Representative Office, ACE in Ukraine said:
“Ukraine’s economy grew by almost 5% last year, and we are positive
about the future. We are therefore delighted to have received approval
to open a representative office for the first time. This marks the start
of what I hope will be a long and successful relationship for ACE with
the local market.”
Andrew Kendrick, Chairman, ACE European Group, said: “Since 2005, we
have expanded ACE’s footprint in Europe from 16 to 22 territories. This
latest step in our steady expansion underlines our long-term commitment
to the region’s emerging insurance markets. As a global insurer
operating in 53 countries worldwide, it will also further enhance our
ability to serve multinational clients in an increasingly connected
world.”
About ACE
The ACE Group is a global leader in insurance and reinsurance serving a
diverse group of clients. Headed by ACE Limited (NYSE: ACE), a component
of the SP 500 stock index, the ACE Group conducts its business on a
worldwide basis with operating subsidiaries in more than 50 countries.
Additional information can be found at: http://www.acegroup.com.