ACE forms new international construction unit

ACE Overseas General has formed a new international construction practice group to address the world’s growing regional commercial construction and infrastructure activity.

The new international group draws on resources from the ACE Technical Risks unit, based in London, among other product areas, to offer a range of insurance lines for private and public sector construction risks. The practice group will have on-the-ground regional operations in the U.K., Continental Europe, Asia Pacific, the Middle East and Latin America.

ACE International Construction will be led by David Walters, vice president. based in London, Walters will report to Paul McNamee, senior vice president and head of international property.

John Keogh, chief executive officer, ACE Overseas General, said: “A healthy amount of public sector and private equity investment is taking place around the world as both developed and developing nations upgrade and expand their infrastructure. ACE International Construction brings full capabilities, from underwriting through claims, closer to the source or the business – whether that’s a power plant in Brazil, an oil and gas infrastructure project in the Middle East, a stadium in Beijing or a hotel resort project in Macau.”