Raimund Navakas Appointed as Senior Vice President, Global
Property Engineering
PHILADELPHIA--(BUSINESS WIRE)--
ACE Group today announced the creation of a Global Property Engineering
unit, established to provide seamless and consistent engineering risk
management services to clients worldwide. As organizations increasingly
operate their business on a global basis, ACE recognizes that risk
managers need access to uniform services and comprehensive real-time
risk control report data.
To lead the new global unit, Raimund Navakas has been appointed Senior
Vice President, Global Property Engineering. Formerly Vice President and
Regional Manager of Risk Management Engineering Services for the
company’s Asia Pacific region, Mr. Navakas will lead the integration of
ACE’s regional engineering operations around the world, using data
analytics to drive results and to ensure that ACE offers best-in-class
solutions for risk managers, regardless of location. Mr. Navakas will
relocate from Sydney, Australia, to New York City and will report
jointly to Paul O’Neill, Chief Underwriting Officer, North America
Property & Specialty Lines, and Jarrod Hill, Executive Vice President,
Property, ACE Overseas General.
“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,” said Mr. O’Neill. “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.”
“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. We’re pleased to
have Rai lead this initiative to unlock the full benefit of our global
expertise for our clients,” said Mr. Hill.
Mr. 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. In his most recent role at ACE, he served as head of risk
management engineering services for the company’s casualty, property,
marine, energy and technology lines in Asia Pacific. During his career,
Mr. Navakas has specialized in working with major global clients in a
number of industry sectors, including but not limited to semiconductor
fabrications, telecommunications, mining and food and beverage
manufacturing. He is presently a serving member of the Royal Australian
Navy Reserve, in the rank of Commander. Mr. Navakas holds a Bachelor of
Engineering (Electrical) and a Master of Commerce, and is a licensed
electrical contractor.
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 supplemental
health insurance, reinsurance, and life insurance to a diverse group of
clients. ACE Limited, the parent company of ACE Group, is listed on the
New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500
index. Additional information can be found at www.acegroup.com.
Source: ACE Group