The ACE Group announced that Stanley Wong will assume the role as the new Regional Head of Financial Lines for Asia Pacific with immediate effect. He has been Financial Lines Manager for Asia since 2008.
ACE said Wong “will focus on product development, new business opportunities and drive the overall profitability of the Financial Lines portfolio.” He joined ACE’s operations in Hong Kong in 2003 and was promoted to Hong Kong’s Financial Lines Manager in 2005 and later in 2007, as Financial Lines Manager for North Asia. In his new role, he will continue to be based in Hong Kong and report to Paul McNamee, Deputy Regional President and Regional Head of Property & Casualty for Asia Pacific.
ACE also announced that Ben Ingram, “concurrently serving as International Directors & Officers [D&O] Manager for ACE’s Financial Lines business outside North America and Regional Head of Financial Lines – Asia Pacific, will focus entirely on his international D&O role.”
He will continue to have responsibility for executive leadership to drive the Financial Lines business internationally while meeting the increasing demands for his D&O expertise. Ingram has more than 20 years of experience in Financial Lines and will continue to be based in Sydney reporting to Timothy O’Donnell, Executive Vice President, Financial Lines.
McNamee commented: “These recent changes in our Financial Lines business reflect our depth of talent and good succession planning in the region that offers immense opportunities for growth and innovation in the business. Both Ben and Stanley have worked closely together in the past and this collaboration will continue into the future.
He added that ACE views the Asia Pacific region “as a mosaic of countries at different levels of maturity and opportunity where we will continue to build on our already strong and growing presence in the Directors & Officers, Professional Indemnity and Financial Institutions segments. Our goal is to continue to leverage our global expertise in Financial Lines, share best practices, innovate and create bespoke coverage to meet the growing needs of our clients across the Asia Pacific region.”
Source: ACE Limited