SINGAPORE--(BUSINESS WIRE)--ACE Group announced today the creation of a new unit to focus solely on the execution of distribution strategies across the Asia Pacific region. Enabling a high-level and efficient conduit between ACE and its distribution partners throughout the vast territory stretching from South Korea to Australia and New Zealand, this unit will focus on maximizing ACE’s product offering including portfolio-based solutions, facilities, joint product design and execution initiatives with key brokers in the region. Additionally, the unit will serve the unique needs of ACE’s large clients domiciled in Asia Pacific with the ultimate mission to ensure efficient trading across all commercial lines of business; providing distribution partners and clients with relevant and timely products backed by the strength of ACE’s balance sheet.
Ben Carey will lead this new unit in Asia. With over 10 years of experience, most recently as the head of Property & Casualty for ACE’s operations in Singapore, Mr. Carey brings a strong understanding of ACE’s capabilities in Asia together with a wealth of experience in broker and client relationships.
Heading up the same position for Australia and New Zealand, is Perry O’Leary. Mr. O’Leary brings over 35 years of senior industry experience in the Australian market-place. He is a true market leader with an unparalleled reputation for broker engagement and client management in the insurance industry.
According to Paul McNamee, Deputy Regional President and Regional Head of Property & Casualty for Asia Pacific, “In this region, we recognize the need to focus on the growth of our partners and clients’ businesses just as much as our own. The development of the industry creates opportunities and efficiently trading with our key distribution partners only spurs this development. Leadership in distribution requires focus, analysis and a deep understanding of the needs of our clients, or group of clients; adapting quickly to those needs with relevant products or solutions in an effective manner. In both Ben and Perry, we have two executives with proven track records of success and we are delighted to have each of them lead this critical initiative for ACE as we continue to build our business in this rapidly growing region of the world.”
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 and 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.
ACE Group is a registered trademark of ACE Limited.