LONDON--(BUSINESS WIRE)--ACE Group today announced the appointment of David Fedarb to the new role of Head of Travel Insurance for Eurasia and Africa, as it expands its insurance capabilities in a region experiencing rapid growth of international travel.
Eurasia and Africa represents ACE’s newest regional business unit, established in 2014 and comprising ACE’s operations across the Middle East, Russia, South Africa and Turkey. The appointment reflects forecasts that the Middle East and Africa will become two of the world’s top three growth areas for airline travel by 2017.
In his new role, David will be responsible for the strategy and the profitable growth of ACE’s travel insurance portfolio across Eurasia and Africa, focusing on product and business development, establishing new partnerships with the travel industry, and managing and expanding the company’s distribution channels.
David has more than 25 years of insurance industry experience including 12 in the international travel sector, six of them at ACE. Most recently he was Head of Travel Insurance for ACE in South East Asia. Before joining ACE, he held management positions at several global insurance companies in Asia. David’s appointment is effective immediately. He will be based in Dubai, reporting to Giles Ward, Regional President for ACE in Eurasia & Africa and José Luis Gomez, Regional Head of Travel for ACE in EMEA.
José Luis Gomez, Regional Head of Travel for ACE in EMEA, said:
“ACE’s travel proposition is characterised by a track record of working with some of the world’s biggest travel companies, our ability to build tailored multi-channel insurance solutions which connect seamlessly to the leading global reservation systems, and smart use of data analytics to improve customer experience and drive revenue growth for our partners. I am confident that David’s experience be of great benefit as we build our presence in Eurasia and Africa.”
Giles Ward, Regional President for ACE, Eurasia and Africa, said:
“This appointment underlines our commitment to the Eurasia and Africa region, where we see significant opportunity for the travel industry to grow its revenue and strengthen customer loyalty through high-quality insurance partnerships.”
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.
 IATA, press release 67, 10 December 2013.