Hue City - September 21, 2015 - ACE Life, the global life insurance division of ACE Group, today announced the opening of its new office in Hue City, Vietnam. Located on the 3rd Floor of Building No. 26, Ly Thuong Kiet Street, Hue City, the office will be home to more than 300 agents and staff. Similar to other ACE Life’s offices in the country, the new Hue office is well equiped with high quality facilities to support the company’s sale force.
Hue is ACE Life’s 4th new office to be opened this year and is the company’s 30th office in the country. Besides being part of ACE Life’s expansion plan to bring its service closer to local residents, the Hue office is a key transactional office for ACE Life in this area of the country. Located in one of the country’s strategic economic zones in the Central area, Hue is one of the largest trade and service centers nationwide. The opening of the Hue office and its business growth are critical for ACE Life’s sustained expansion in Central Vietnam.
Lam Hai Tuan, Chairman and Country President of ACE Life in Vietnam, said, “The opening of the office in Hue City has been part of our business plan for some time. This is the right time for us to launch the new office so that we can provide ACE Life’s innovative products and services to residents in Hue and the surrounding area. With an official place to trade in the area, we have delivered on our commitment to the residents which we pledged during the ceremonies of the school re-building projects that ACE Life has sponsored in this area over the recent years.”
After ten years of operation in Vietnam, ACE Life now possesses an agency network operating in 28 provinces/cities across the nation with more than 13,400 professional agents. Recent expansions are part of the ACE Life’s growth strategy, which aims to build a strong distribution network not only to support ACE Life’s business, but also to affirm its long-term commitment to the Vietnam market.
About ACE Life in Vietnam
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 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. ACE's core operating insurance companies are rated AA for financial strength by Standard & Poor’s, and A+ by A.M. Best. This rating is indicative of ACE’s strong capital base and financial stability; key attributes in the business of risk.
ACE has both general insurance and life insurance operations in Vietnam where it offers a comprehensive array of protection products and risk management solutions to a diverse group of clients. ACE Life Insurance Company, Ltd, (ACE Life Vietnam) is a wholly owned subsidiary of ACE INA International Holding Limited (AIIH), a US domiciled company part of ACE Group. In Vietnam, ACE Life offers a comprehensive array of quality life-insurance products to meet the financial-protection and security needs of a broad range of customers. The company pioneered the introduction of the Universal Life plan to the Vietnamese market in March 2006. Since then, it has developed a full range of Universal Life products. This diverse range of Universal Life products enables individuals and groups up to the age of 80 to select plans to suit their financial means. ACE Life distributes its products mainly through its professional and ever-growing nearly 13,400 strong agency force, as well as through selected banks.
More information can be found at www.acelife.com.vn.