21 March 2014News

ACE’s realigns its AsiaPac financial lines team

Bermuda-based ACE has reshuffled the management of its Asia Pacific financial lines business.

Ben Ingram, who was previously international directors & officers (D&O) manager for ACE’s financial lines business outside North America and regional head of financial lines for Asia Pacific, will now focus entirely on his international D&O role.

In focusing full-time on this role, he will continue to have responsibility for executive leadership to drive the financial lines business internationally while meeting the increasing demands for his D&O expertise.

Stanley Wong will assume the role as the new regional head of financial lines for Asia Pacific with immediate effect. This is a promotion for Wong, who has been financial lines manager for Asia since 2008.

As the new regional head, Wong will focus on product development, new business opportunities and drive the overall profitability of the financial lines portfolio.

Commenting on the appointments, Paul McNamee, deputy regional president and regional head of property and casualty for Asia Pacific said: “These recent changes in our financial lines business reflect our depth of talent and good succession planning in the region that offers immense opportunities for growth and innovation in the business. Both Ben and Stanley have worked closely together in the past and this collaboration will continue into the future.

“We see Asia Pacific as a mosaic of countries at different levels of maturity and opportunity where we will continue to build on our already strong and growing presence in the directors and officers, professional indemnity and financial institutions segments. Our goal is to continue to leverage our global expertise in financial lines, share best practices, innovate and create bespoke coverage to meet the growing needs of our clients across the Asia Pacific region.”