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Lam Hai Tuan, the newly appointed chairman, is concurrently the country president of ACE Life Vietnam, part of the ACE Group of Companies.
“I am proud of the growth of ACE Life Vietnam over the past eight years. With my new appointment, I will continue to lead the company to better serve customers to achieve our vision to be recognised as a leading life insurance company in Vietnam with the highest level of ethics and professionalism,” said Tuan.
In Vietnam, ACE Life offers a comprehensive array of life insurance products through around 10,000 agents and some selected banks.
The company pioneered the introduction of the Universal Life plan to the local market in March 2006 and has since developed a full range of Universal Life products including Critical Illness Universal Life that provides critical illness protection as part of the main plan. 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 Group of Companies is one of the world’s largest multiline property and casualty insurers. With operations in 53 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 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.