HONG KONG — March 27, 2015 — ACE Life, the global life insurance division of ACE Group, is pleased to announce that its operation in Hong Kong was named the “Caring Company” by the Hong Kong Council of Social Service, making it one of the first insurance companies to achieve the “10 Years Plus Caring Company logo”. ACE Life has received the award every year since the Caring Company Scheme was launched in 2002, in recognition of its continued commitment to caring for its employees, the environment as well as the community for 13 consecutive years.
Allan Lam, Country President of ACE Life in Hong Kong, said, “We have long recognized our employees as a vital part of our company. We take pride in our strong and passionate team who share a deep and long-standing commitment to supporting the community and building a sustainable environment for the future. Thanks to Caritas Hong Kong and Hong Chi Association nominating us, we have been awarded the ‘Caring Company’ title for 13 consecutive years. This bears testament to our long-term pledge to be a caring, innovative and professional life insurer in the industry. We believe this brings sustained and collective value to our employees, our customers and the community.”
Caring for employees by offering comprehensive benefits and a motivating work environment, ACE Life highly values health and wellness initiatives that enable staff to better deal with personal, interpersonal, health and family matters. To further support this, ACE Life provides staff with a number of health-wellness and recreation activities including cooking classes, health workshops and health tips sharing sessions to improve their physical and mental health leading to a better work-life balance.
ACE Life also cares for the environment and encourages its staff to serve the community in different areas through a series of charitable campaigns. Over the past year, ACE Life has supported Caritas in launching the Project PC Needy Reboot which encourages for computer recycling and donation to families in need, promoting adoption of ‘3R policies’ to reduce, reuse and recycle to contribute to a greener environment. Hong Chi Association, dedicated to helping people with intellectual disabilities, is another charitable organization ACE Life has worked with. Since 2012, ACE Life and the association have organized different activities for children including mural painting in their special school and also fundraising during mid-autumn festivals by giving ACE Life staff an option to make donations in lieu of receiving mooncakes from the company.
ACE Life’s other major social responsibility initiatives included providing a yacht tour to Lamma Island for underprivileged families and supporting the company’s annual Regional “Day of Service” where ACE employees across 11 Asian markets volunteer their time towards local charitable projects. To support this regional initiative, employees in Hong Kong helped to prepare meals at Food Angel’s kitchen for people in need and removed weeds at Fung Yuen Butterfly Reserve to help preserve natural vegetation last year.
Launched in 2002, the Caring Company Scheme of the Hong Kong Council of Social Service is a first-of-its-kind community initiative promoting good practices for corporate citizenship and philanthropy in Hong Kong. Companies and organizations are awarded the Caring Company Logo for partnering with the social service sector and offering support by caring for employees, the environment and people’s livelihoods.
About ACE Life in Hong Kong
ACE Life is the global life insurance division of ACE Group, 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.
With both general and life insurance operations, ACE has been present in Hong Kong for more than 90 years, via acquisitions by its predecessor companies. Specifically to meet the needs of financial protection and security of its broad range of customers, ACE Life in Hong Kong (ACE Life Insurance Company Ltd.) offers a comprehensive array of quality life and medical insurance products and services.
More information can be found at www.acelife.com.hk.
Contact
ACE Life
Bonny Ching : +852 2837 7095; bonny.ching@acegroup.com
Powell Tate
Willa Lau : +852 2106 9400; wlau@powelltate.com
Vanesa Luk : +852 2106 9400; vluk@powelltate.com