ACE Appoints Peter van Ratingen as New Country President for the Philippines
July 07 2015 - 11:42PM
Business Wire
ACE Group announced today the appointment of Peter van
Ratingen as its new Country President for its general insurance
operation in the Philippines. Mr. van Ratingen succeeds Mr. Daniel
Daly, who will retire on July 31, 2015.
In his role as Country President, Mr. van Ratingen will oversee
the operations and business development activities of ACE’s key
business lines in the Philippines namely, Property & Casualty,
Accident & Health and Personal & Business Insurance. He is
also responsible for the management of regulatory relationships,
strategic partnerships and affinity relationships. He will report
to Juan Luis Ortega, Regional President for ACE’s general insurance
operations in Asia Pacific.
Mr. van Ratingen brings with him more than 20 years of industry
experience from a career stretching a number of senior management
roles across both Asia and Europe. His career includes more than 13
years with CIGNA International, where his last position was Chief
Operating Officer for CIGNA’s European Life, Accident & Health
Division. Prior to joining ACE, he was the Regional General Manager
at a boutique consultancy specializing in the financial services
sector which provided strategic counsel to clients on direct
marketing, sales as well as customer acquisition and retention in
Asia Pacific. He joined ACE in 2009 as Country President for
Indonesia, and was instrumental in growing the general insurance
operation. His most recent role was Asia Pacific’s Regional Head of
Bancassurance where he helped accelerate the expansion of this
distribution channel by establishing a number of bank partnerships
for ACE to access a wider range of customers.
On Mr. van Ratingen’s appointment, Mr. Ortega said, “Peter has
significant depth of product and distribution expertise in the
industry coupled with his strong general management skills. His
business acumen and leadership will help steer the company to a
level that matches the ambition and opportunity which the
Philippines affords us. I would like to take the opportunity to
thank Dan for his contributions to ACE over the last five years and
wish him all the very best in the future.”
About ACE Group
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.
ACE®, ACE logo®, and ACE insured® are trademarks of ACE
Limited.
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version on businesswire.com: http://www.businesswire.com/news/home/20150707006661/en/
ACE GroupMichele Minjoot, +65-6398-8708Vice President & Head
of Communications, Asia Pacificmichele.minjoot@acegroup.com
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