News Releases

SINGAPORE--(BUSINESS WIRE)--ACE Group announced today the appointment of Dang Hoang Tung as its new Country President for its general insurance operation in Vietnam, effective 29 June. Mr. Dang succeeds Mr. Christopher Twomey, who will return to the US to take up a role in ACE’s Risk Management Global Casualty Underwriting unit.

In his new role, Mr. Dang will oversee the operations and business development activities of ACE’s key business lines in Vietnam namely, Property & Casualty as well as Accident & Health and Travel 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.

Prior to joining ACE, Mr. Dang had been with AIG Vietnam since 2006. During his time with AIG, he was promoted to roles with increasing responsibility with his last post being the Head of Distribution for Consumer Insurance. Apart from his experience in insurance, he also has expertise in the travel industry having worked for Vietnam Airlines since 1996. Mr. Dang has a Bachelor of Business Administration degree in Foreign Trade from the Ho Chi Minh City University of Economics.

On this new appointment, Mr. Ortega said, “I’m happy to welcome Tung to the leadership team in Asia Pacific. His local knowledge, network of relationships and business acumen will be critical in accelerating the growth of our Vietnamese operations. I would like to thank Christopher for his contributions to ACE since its start-up in 2007. I wish him all the very best in his new role”.

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.