ACE creates global property engineering unit


ACE creates global property engineering unit

ACE has launched a global engineering risk management service that will deliver “comprehensive real-time risk control data” to international risk managers.

Raimund Navakas will lead the new unit as senior vice president, global property engineering and will lead the integration of ACE’s regional engineering operations around the world.

The team will leverage data analytics to drive results and to “ensure that ACE offers best-in-class solutions for risk managers, regardless of location”, says ACE.

Navakas, who previously worked in Sydney, will relocate to New York and will report to Paul O’Neill, CUO, North America property and specialty lines, and Jarrod Hill, executive vice president, property, ACE Overseas General.

 Commenting on the formation of the new unit, O’Neill says: “In today’s global market, risk managers need access to seamless engineering on a worldwide basis. The fundamentals of property insurance are the same, regardless of where that property is located. Similarly, we recognize the need for a uniform quality of our consulting service offerings,”

“Under Rai’s leadership, ACE will be able to offer seamless property engineering services to our insured clients for their operations around the world, providing a common platform for the efficient management and delivery of service results.”

Hill adds: “The establishment of the new Global Property Engineering unit is an example of ACE’s continued commitment to meeting the needs of multinational organizations. The unit brings all of our engineering resources together, ensuring we can better manage the resources we already have in place and provide superior value-added property risk assessment and loss prevention services to our clients.”

Navakas brings more than 30 years of engineering and risk engineering experience. He began his career with the Royal Australian Navy, serving for 13 years before entering the insurance sector as a risk engineer.

ACE, engineering, insurance, reinsurance

Bermuda Re