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TheStreet Open House

ACE Appoints Kevin Goulding Regional President Of Asia Pacific Life Insurance Business

ACE Life today announced the appointment of Kevin Goulding as Regional President for its Asia Pacific life insurance businesses. He will be responsible for managing ACE’s life insurance operations in Hong Kong, Korea, Thailand, Vietnam, Indonesia and Taiwan. Mr. Goulding had been President and Chief Executive Officer of Chartis Insurance Company China Limited, a unit of American International Group (AIG). He will be based in Hong Kong and report to Russell Bundschuh, President, ACE Life.

Over 13 years with AIG, Mr. Goulding held several senior management positions in the property and casualty and life insurance businesses, including Agency Project Director at ALICO, the company’s life insurance unit, where he led initiatives to provide group life and health products through the life agency force, and as Agency Director in Argentina, where he developed the life agency force and broker distribution. In 2005, he was named General Manager of AIG Taiwan, and in 2007 was appointed President and CEO of American Home Assurance Company – Singapore, a role that expanded to include responsibility for Vietnam and Thailand. He began his insurance career in 1988 as an agent with Allstate and advanced through sales management roles including District Sales Manager in the New York area. Mr. Goulding holds a Bachelor of Arts degree from Ithaca College in Ithaca, N.Y.

“We are pleased to have such an experienced and proven insurance executive as Kevin join ACE Life in this critical role,” said Mr. Bundschuh. “His successful experience building and developing agency-based sales force capabilities, creating market leading product and distribution strategies and optimizing operational effectiveness will be valuable as we continue to build our business in the Asia Pacific region.”

ACE Life, the international life insurance business of the ACE Group, provides traditional life insurance protection and savings products to individuals and groups throughout Asia, Latin America, the Middle East and Europe. The ACE Group 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. Additional information can be found at: www.acegroup.com.

Copyright Business Wire 2010

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