The ACE organization announced that Stanley Wong will assume the position as the new regional Head of economic traces for Asia Pacific with immediately effect. He has been financial lines supervisor for Asia seeing that 2008.
ACE stated Wong “will cognizance on product development, new enterprise possibilities and drive the overall profitability of the financial strains portfolio.” He joined ACE’s operations in Hong Kong in 2003 and became promoted to Hong Kong’s financial traces supervisor in 2005 and later in 2007, as financial strains supervisor for North Asia. In his new role, he will stay based totally in Hong Kong and record to Paul McNamee, Deputy regional President and nearby Head of assets & Casualty for Asia Pacific.
ACE additionally introduced that Ben Ingram, “simultaneously serving as global administrators & officials [D&O] manager for ACE’s monetary traces enterprise outside North the usa and local Head of economic lines – Asia Pacific, will consciousness totally on his international D&O position.”
he'll hold to have responsibility for government management to pressure the financial lines enterprise across the world while assembly the growing demands for his D&O knowledge. Ingram has greater than two decades of revel in in financial strains and could stay primarily based in Sydney reporting to Timothy O’Donnell, executive vice chairman, financial lines.
McNamee commented: “those current modifications in our monetary strains commercial enterprise reflect our intensity of talent and good succession making plans within the region that gives great possibilities for growth and innovation inside the commercial enterprise. both Ben and Stanley have worked closely together within the beyond and this collaboration will retain into the future.
He added that ACE views the Asia Pacific vicinity “as a mosaic of nations at unique degrees of adulthood and possibility where we are able to preserve to construct on our already robust and growing presence in the administrators & officers, expert Indemnity and financial establishments segments. Our aim is to keep to leverage our worldwide knowledge in financial traces, percentage nice practices, innovate and create bespoke coverage to meet the growing desires of our clients across the Asia Pacific region.”