ACE’s Asia Pacific Regional and Local Operations In Singapore Relocate to The Central Business District

• Move demonstrates ACE’s commitment to the Asia Pacific region
• Well-positioned to benefit from being in the center of the region’s financial services hub
• Better proximity to business partners to enhance service

ACE Group announced today the relocation of its Asia Pacific regional as well as local operations in Singapore on July 20. Located in the heart of Singapore’s Central Business District at 138 Market Street, the move signals ACE’s strong commitment to better serve its business partners, of which some are based within close proximity of its new premises.

The new office occupies approximately 38,500 sq. feet, spread over two interconnected floors housing over 250 employees. The relocation to CapitaGreen, an environmentally-friendly building, also supports ACE’s overarching commitment to sustainability.

Mr. Juan Luis Ortega, Regional President for ACE’s general insurance operations in the Asia Pacific region, said, “This is a very exciting time for everyone at ACE Asia Pacific. At CapitaGreen, we have ample space for dynamic collaboration which enhances our ability to support our growth strategies in this region which is full of opportunity.”

“Asia Pacific is a key growth region for ACE Group. Since the establishment of our regional headquarters in 1999, we have grown and diversified our products, distribution channels and geographies. Our footprint currently spans 13 markets, namely Australia, China, Hong Kong, Indonesia, Korea, Macao, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam. We offer a broad array of quality insurance and risk management solutions, ranging from property and casualty, accident and health, to personal and business insurance. As Singapore celebrates its 50th anniversary this year, our move to the Central Business District bears testament to the nation’s stature as a premier regional hub for multinationals,” Mr. Ortega added.

Mr. Mack Eng, Country President of ACE’s operations in Singapore, added, “We are in the business of fulfilling promises to our customers and business partners. The move to Singapore’s financial district brings us closer to them and reinforces ACE’s dedication and commitment to our relationships with key stakeholders. The integration of space also means greater efficiencies and workplace effectiveness.”

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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ACE GroupMichele Minjoot, [phone]Vice President & Head of Communications, Asia [e-mail]