SINGAPORE--(BUSINESS WIRE)--
ACE Group announced today the appointment of Peter van Ratingen as
its new Country President for its general insurance operation in the
Philippines. Mr. van Ratingen succeeds Mr. Daniel Daly, who will retire
on July 31, 2015.
In his role as Country President, Mr. van Ratingen will oversee the
operations and business development activities of ACE’s key business
lines in the Philippines namely, Property & Casualty, Accident & Health
and Personal & Business Insurance. He is also responsible for the
management of regulatory relationships, strategic partnerships and
affinity relationships. He will report to Juan Luis Ortega, Regional
President for ACE’s general insurance operations in Asia Pacific.
Mr. van Ratingen brings with him more than 20 years of industry
experience from a career stretching a number of senior management roles
across both Asia and Europe. His career includes more than 13 years with
CIGNA International, where his last position was Chief Operating Officer
for CIGNA’s European Life, Accident & Health Division. Prior to joining
ACE, he was the Regional General Manager at a boutique consultancy
specializing in the financial services sector which provided strategic
counsel to clients on direct marketing, sales as well as customer
acquisition and retention in Asia Pacific. He joined ACE in 2009 as
Country President for Indonesia, and was instrumental in growing the
general insurance operation. His most recent role was Asia Pacific’s
Regional Head of Bancassurance where he helped accelerate the expansion
of this distribution channel by establishing a number of bank
partnerships for ACE to access a wider range of customers.
On Mr. van Ratingen’s appointment, Mr. Ortega said, “Peter has
significant depth of product and distribution expertise in the industry
coupled with his strong general management skills. His business acumen
and leadership will help steer the company to a level that matches the
ambition and opportunity which the Philippines affords us. I would like
to take the opportunity to thank Dan for his contributions to ACE over
the last five years and wish him all the very best in the future.”
About ACE Group
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. ACE's core operating insurance companies are rated
AA for financial strength by Standard & Poor’s and A++ by A.M. Best.
ACE®, ACE logo®, and ACE insured® are
trademarks of ACE Limited.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707006661/en/
Source: ACE Group