ACE Limited (ACE) Sunday announced the appointment of Les Forrest as managing director of its Egypt life insurance business, which operates as ACE Life. In his new role, Forrest will look at how to build on the multiple product lines ACE Life already offers from individual risk, savings and unit linked products to group life and medical. He will report to Budy Kubursi, managing director of ACE Life's Middle East and North Africa region.
Prior to joining ACE Life in Egypt, Forrest had been serving as vice president of Agency Training and Development for ACE Life in Thailand. He has also worked in UK, Hong Kong, Vietnam and India, mainly for Prudential plc and AIG.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.