SINGAPORE--(BUSINESS WIRE)--ACE Insurance Limited, a part of the ACE Group of Companies, global leaders in insurance and reinsurance, announced today a leadership change for its operations in Singapore.Mack Eng is now the new Managing Director and Country Manager Singapore while the incumbent Kenneth Brown has moved to Sydney as the Chief Operating Officer of ACE’s Australia and New Zealand operations.
Mack has almost 20 years of experience in the insurance industry, having had various stints with major international insurance companies. He joined ACE in October 2004 as the Accident & Health Director Singapore and was promoted to Chief Operating Officer in June 2008. He holds a Bachelor of Business Administration (Honours) with a major in Marketing from the University of Hawaii as well as a Diploma in Direct Marketing. He is an Associate of the Chartered Insurance Institute (ACII), and a Fellow of the Life Management Institute.
Mack is well qualified for this post having been exposed to a wide range of operational, business development, enterprise risk management, compliance and marketing responsibilities. According to Steve Crouch, Chief Operating Officer, ACE Asia Pacific, “Mack exemplifies the qualities of the young leaders which ACE grooms. He is entrepreneurial, driven and leads by example. I’m confident that Mack will work diligently to grow and strengthen ACE’s niche as a pre-eminent provider of risk management solutions in Singapore.”
ACE Insurance in Singapore is a member of the ACE Group of Companies®, a global leader in insurance and reinsurance. With a history dating back to 1792, the ACE Group provides a diversified range of products and services to clients through operations in more than 50 countries worldwide with a strong presence in Asia Pacific.
Operating in Singapore since 1948, ACE has the technical expertise in risk management for all major classes of general insurance which includes Property & Casualty, Accident & Health and Business & Personal Insurance. The ‘A’ long term insurer financial strength and counterparty credit ratings by Standard & Poor’s are indicative of ACE Singapore’s robust capitalization. In addition, the company’s strong capacity to meet its financial commitments is underscored by the highest rating of 'axAAA' in Standard & Poor’s ASEAN regional credit scale. ACE Singapore is the first insurance company to be assigned an ASEAN credit rating which complements S&P’s global credit rating scale. ACE Singapore’s ratings are reflective of its parent’s rating outlook. (ACE’s core operating insurance companies are rated A+/Positive-- by Standard & Poor’s).
Over the years, the firm has established strong client relationships by offering responsive service, developing innovative products and providing market leadership built on financial strength.
Additional information can be found at: www.aceinsurance.com.sg