Bangkok, Thailand, October 16, 2015 – ACE Group in Thailand, comprising its general insurance businesses ACE INA Overseas Insurance Company Limited and Samaggi Insurance Public Company Limited as well as its life insurance business ACE Life Assurance Public Company Limited, , participated in a CSR initiative called “Youth Love the Sea” with the Thammasat University students. “Youth Love the Sea” was the second runners-up in ACE’s ‘Enhancing Lives with ACE 2015’ a CSR initiative aimed at returning benefits to society. The initiative was part of ACE’s Global Day of Service in which more than 6,000 ACE employees in 50 countries participated in approximately 250 volunteer projects focused on education, poverty and health and the environment.
The 2015 contest ‘Enhancing Lives with ACE 2015’ targeted university and vocational students in Thailand to propose Corporate Social Responsibility plans that are in line with ACE’s over-arching philanthropic support for improving education and health, alleviating poverty and saving the environment. This year’s contest offered an enhanced financial support package totaling THB 300,000 to deliver and manage the deployment of the winning CSR plans. Enhancing Lives with ACE 2015 aims to make real the possibility of creating awareness among the younger generation for social responsibility, with active volunteerism undertaken during the Global Day of Service.
Rob Wilkinson, Country President of ACE INA Overseas Insurance Company Limited, said, ACE is committed to giving back to the communities in which we live and work. To ensure that our philanthropic effort will benefit the society at large, and have a sustainable, positive impact, we think it is best to also involve other members of the community. We would like to thank the student team from Thammasat University for pioneering this CSR program, and are happy to join with them to put “Youth Love the Sea” into practice so quickly at Sattahip.”
Sally O’Hara, Country President of ACE Life Assurance Public Company Limited, added, “Support for the environment is a core pillar of ACE’s approach to corporate social responsibility. The “Youth Love the Sea” initiative creates awareness among volunteers and staff as to the value of saving our environment and improving coastal scenery. Thailand’s coastal area of more than 3,400 kilometers provides many benefits, including a source for generating income for local inhabitants, and an attractive tourist destination for local and international visitors. ACE employees and volunteers worked with local students from a high school in Chonburi province to participate in coral planting, a turtle conservation workshop and turtle aquarium cleaning in order to deliver tangible benefits to the marine environment along the Eastern Seaboard. We trust that this project, which comes from the ideas and action from the youth, with the support from ACE Group, will benefit society at large and will inspire members of the community to come together to focus on the sustainable conservation of the marine environment.”
Nittaya Piriyathamwong, Managing Director of Samaggi Insurance Public Company Limited, said, “The Global Day of Service has offered us the opportunity to engage with both university and high school volunteers to deliver real benefit to the marine community. A lack of awareness regarding the conservation of marine environments has been a key challenge identified by this CSR project, and so we look forward to being able to do our part to help overcome this challenge in Thailand. There was much collaboration and camaraderie as employees came together as one to conserve our precious marine environment.”
About ACE in Thailand
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.
With both general and life insurance operations, ACE has been present in Thailand for over 40 years via acquisitions by its predecessor companies. Its fully owned general insurance operations in Thailand is a branch of ACE INA Overseas Insurance Company Limited, which has been assigned a financial rating of AA- by Standard & Poor’s. The company’s product offerings include Property, Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance for corporate clients. In addition, ACE INA Overseas Insurance Company Limited provides a wide range of Accident & Health insurance products to retail clients through a multitude of distribution channels, of which direct marketing is its forte. The company’s market leadership position is largely attributed to its strong partnerships with financial institutions as well as retailers to tailor individual protection policies for their clients and employees.
Specifically to meet the needs of financial protection and security of its broad range of customers, ACE Life in Thailand (ACE Life Assurance Public Company Limited) offers a comprehensive range of quality life insurance products and services while ACE Life’s team of over 3,500 agents service and support customers throughout the nation. The company also partners with financial institutions and other companies to tailor individual policies for their clients and employees.
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