SEOUL, South Korea--(BUSINESS WIRE)--ACE Insurance (Korea), part of the ACE Group of insurance and reinsurance companies, has appointed Edward J. Kopp, Jr as the Deputy Country President & Chief Operating Officer. Mr. Kopp will report to Rob Wilkinson, Country President for ACE Insurance in Korea.
“I’m delighted to welcome a professional of Edward’s caliber to our management team. His hands-on operational experience and business acumen will be instrumental as we make progress to diversify and grow our channels and products in Korea.”
Mr. Kopp has 20 years of experience in the financial services industry. He began his career in Deloitte & Touche in the US where he originates. Over the course of his career, he has worked for some leading institutions in banking and insurance in increasingly more responsible roles – as Chief Operating Officer in Korea, Chief Executive Officer in Hong Kong and most recently, as Deputy President and Chief Operating Officer for a well-known joint-venture financial group in Korea.
Over the years, Mr. Kopp has developed a broad skillset encompassing business and product development, underwriting and channel management. As an all-rounder in operations, he is familiar with the leadership and management of Finance, Claims, Customer Service, HR and IT.
On this new appointment, Rob Wilkinson, Country President for ACE Insurance in Korea, said “I’m delighted to welcome a professional of Edward’s caliber to our management team. His hands-on operational experience and business acumen will be instrumental as we make progress to diversify and grow our channels and products in Korea.”
ABOUT ACE INSURANCE IN KOREA
ACE Insurance in Korea is a member of the ACE Group of Companies, 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 which is indicative of ACE’s strong capital base and financial stability; key attributes in the business of risk. With $83 billion in assets and $19 billion of gross written premiums in 2011, the ACE Group is distinguished by its underwriting expertise, superior claims handling and global franchise.
Operating in Korea since 1968, ACE Insurance has carved a niche for itself as one of the leading direct marketing providers of Accident & Health insurance. Retail clients have access to a wide range of accident and health products through innovative multi-distribution channels while corporate clients can leverage ACE Insurance’s expertise in risk management for Property and Casualty, Marine, Liability, Financial Lines and Group Personal Accident insurance solutions.
ACE Insurance, ACE Group of Companies and ACE Limited are registered trademarks of ACE Limited.