Thursday, March 29, 2007

ACE opens non-life insurance branch in Vietnam

ACE Asia Pacific, a division of the ACE Group of Companies - a global leader in insurance and reinsurance - announced the official opening of its non-life insurance branch in Ho Chi Minh City on Mar. 27.

Viet Nam is the newest addition to ACE's Asia Pacific network of general insurance offices available in 13 regional countries.

Speaking at the opening ceremony, ACE Limited President and CEO Evan Greenberg said: "Viet Nam is a significant and fast-growing economy and its vitality offers many commercial prospects. Our goal in Viet Nam is to be a trusted insurance provider to both companies and individuals."

Apart from an office in HCM City, ACE Viet Nam will open a branch in Ha Noi, where it has maintained a representative office since 1996 to conduct market research and assist local regulatory agencies in strengthening the supervisory framework for the insurance sector.-

Source: VNA Equity Vietnam Mekong Capital

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