ACE Limited announced a number of management changes in its Middle East and North Africa, or MENA, region. The company has promoted Vijay Raghavan to the post of chief executive officer, or CEO, for its joint venture operation in Saudi Arabia, ACE Arabia Cooperative Insurance Company. Vijay Raghavan is presently working as the Interim CEO of the joint venture company since December 2011. ACE Group further stated that it has promoted Ian Morrison, Commercial Underwriting Manager for ACE Group, to the position of chief underwriting officer of ACE Arabia Cooperative Insurance Co. The company stated that the two promotions will be effective immediately.