ACE Group announced the appointment of Marcel Van Peenen as Regional Professional Indemnity Manager for Asia, effective 12 January 2015.
He will be based in Singapore with direct reporting to Stanley Wong, Regional Head of Financial Lines, Asia Pacific and matrix reporting to Marc Poliquin, Senior Vice President, Professional Indemnity Product Head, from the Financial Lines division of ACE Overseas General.
Mr. Van Peenen is tasked with driving the growth of ACE’s Professional Indemnity business, including underwriting, product development, production and distribution, across the region. He joins ACE with over 25 years of diverse industry experience.
Most recently, he was Manager, Professional Lines, Asia with an international insurer overseeing its Professional Liability portfolio for the region since 2010. Prior to that, Mr. Van Peenen worked for several companies in the Netherlands in underwriting positions of increasing responsibility over the course of his career.
According to Mr. Wong, "Marcel’s appointment demonstrates our commitment to continue the expansion of our Professional Indemnity products and expertise which will strengthen our market-leading position in Asia for Financial Lines."
Mr. Poliquin said, "I am pleased to welcome Marcel to ACE to lead the expansion of our Professional Indemnity business in Asia.
The breadth of Marcel’s international Professional Indemnity expertise will be invaluable in accelerating ACE’s plans to broaden its product suite in Asia, covering a wide range of risks and professions."
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.