2 November 2015 Insurance

ACE expands political risk and credit division to Japan

Property and casualty insurer ACE Group has expanded its political risk and credit division to Japan.

ACE will now offer its Japanese clients a broad range of comprehensive insurance solutions for risks including non-payment of trade receivables, protection against sovereign non-payment default, and country risk cover for overseas assets and investments, with market-leading levels of capacity.

Hiroya Takagi has been appointed by the firm to take the new role of political risk and credit manager. Takagi joins ACE from Euler Hermes in Japan where he held the position of head of commercial insurance. Prior to that, he worked for the World Bank, the Japan International Cooperation Agency and the Japan Bank for International Cooperation.

Takagi’s appointment is effective immediately and he will be based in Tokyo.

“ACE is a global market leader in political risk and credit insurance solutions,” said Julian Edwards, head of political risk and credit for ACE Global Markets.

“Our clients in Japan will now be able to benefit from our innovative solutions that deliver confidence, security and peace of mind, together with unmatched access to our global network.

“I am delighted that Hiroya is going to lead the new segment in Japan. His great market knowledge and wide experience across different sectors will contribute greatly to our effort to provide the secure, long-term non-cancellable solutions demanded by clients today.”

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