News Releases

Hong Kong, July 14, 2015 — ACE Life, the global life insurance division of ACE Group, today announced it has won a slew of awards in Hong Kong, from Bloomberg Businessweek / Chinese Edition (“Bloomberg Businessweek”) and Capital CEO magazines.

The awards recognize ACE Life’s cutting-edge brand-building strategies, its commitment to best practices and its achievements in developing a successful business. They also reflect the company’s proven market performance, its sustainable growth, and its outstanding development and distribution of products and services in the life insurance industry.

It is the first time ACE Life’s achievements have been recognized by Bloomberg Businessweek. ACE Life scooped the “Bloomberg Businessweek Financial Institution Awards 2015” for “Excellence in Education Fund”; “Excellence in Accident & Disability Protection”; and “Outstanding Performance in Retirement Planning”. It received the highest scores in the first two categories.

The company also received Capital CEO’s “Supreme Brand Award” and “Supreme Service Award” for 2015. It is the second time ACE Life has won in the “Capital CEO Supreme Brand & Service Awards”, marking it as a “Centre of Excellence” that provides outstanding services and products.

Allan Lam, Country President of ACE Life in Hong Kong, said: “It is our great honor to be recognized by Bloomberg Businessweek and Capital CEO at their signature industry awards. This is a testament to our commitment to excellence as a trusted life insurance partner and bringing sustainable client value by offering a diverse range of high-quality life insurance and financial solutions.”

“The awards also validate our brand-building efforts over the past few years, which have resulted in customer satisfaction, industry recognition and public appreciation. We will continue to nurture our leading brand and market position, and at the same time strengthen our value-added services to cater to the growing needs of wealth management customers in Hong Kong,” said Allan Lam.

Judged by a panel of academics, celebrities and business leaders, as well as Bloomberg Businessweek’s Hong Kong editorial board, the “Bloomberg Businessweek Financial Institution Awards”, in its inaugural year, recognizes the contribution of selected companies to Hong Kong’s finance industry. The awards are divided into 24 categories, with entries assessed on four criteria: market performance; business growth; development and distribution of products and services; and business strategy.

Now in its eighth year, the “Capital CEO Supreme Brand and Service Awards” aim to encourage businesses to strive for brand excellence and superior product quality by recognizing outstanding brands that have developed and are managed sustainably.

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