LONDON & TOKYO--(BUSINESS WIRE)--
ACE Group announced today that it has expanded its political risk and
credit division to Japan, as it continues to build its presence and
capabilities in a risk area where it is currently one of the most
experienced global insurance providers.
Japan was the world’s fourth largest exporting country in 2014. With
Japanese businesses relying heavily on overseas trade and growth, their
needs for comprehensive political risk and credit insurance cover are
increasing rapidly. ACE will now offer its Japanese clients a broad
range of comprehensive insurance solutions for risks including
non-payment of trade receivables, protection against sovereign
non-payment default, and country risk cover for overseas assets and
investments, with market-leading levels of capacity.
To lead the new segment in Japan, ACE has appointed Hiroya Takagi to the
new role of Political Risk & Credit Manager. Hiroya has wide experience
across a variety of sectors. He joins ACE from Euler Hermes in Japan
where he held the position of Head of Commercial Insurance. Previous to
that he worked in international development projects for the World Bank,
the Japan International Cooperation Agency and the Japan Bank for
International Cooperation. Hiroya’s appointment is effective immediately
and he will be based in Tokyo.
Julian Edwards, Head of Political Risk & Credit for ACE Global Markets,
said:
“ACE is a global market leader in political risk and credit insurance
solutions. Our clients in Japan will now be able to benefit from our
innovative solutions that deliver confidence, security and peace of
mind, together with unmatched access to our global network. I am
delighted that Hiroya is going to lead the new segment in Japan. His
great market knowledge and wide experience across different sectors,
will contribute greatly to our effort to provide the secure, long-term
non-cancellable solutions demanded by clients today.”
ENDS
About ACE:
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 the ACE
Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index.
Visit www.acegroup.com/eu
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Source: ACE