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ACE Appoints President for Brazil Operation

Posted on 20 Jun 2011

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The ACE Group of insurance and reinsurance companies announced today that Farid Eid Filho has been appointed Country President for ACE Brazil. Mr. Eid will be in charge of leading the company’s Brazilian operations including all property and casualty and accident and health insurance lines. He will report to Jorge Luis Cazar, Regional President of ACE Latin America.

“Farid’s significant industry experience, strategic thinking and strong decision-making skills will make him a great asset to our company,” said Mr. Cazar.

“We are confident that he will continue the expansion and development of our business in the important and fast-growing market in Brazil.”

With more than 27 years of experience in the Brazilian insurance market, Mr. Eid joins ACE from Alfa Seguradora, where he served since 1998 as Statutory Director, responsible for creating new products and distribution channels. From 1986 to 1997, Mr. Eid worked at American International Group in Engineering and Personal Lines. Previously, he was Commercial Director in Cia. Real Brasileira de Seguros, where he was in charge of product distribution.

Mr. Eid began his insurance career at Generali do Brasil in its Engineering division. Mr. Eid holds a degree in Civil Engineering from Mackenzie University in Sao Paulo.

With headquarters in Sao Paulo and offices in the country’s major markets, ACE Brazil provides a broad range of insurance products including property and casualty, professional and financial lines, marine, energy, construction risk, accident and health and specialty consumer oriented products. ACE Brazil is part of ACE Latin America, which includes business operations in nine countries – Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Peru and Puerto Rico.