ACE expands political risk & credit division to Japan; appoints Hiroya Takagi as Political Risk & Credit Manager

LONDON & TOKYO--(BUSINESS WIRE)--ACE Group announced today that it has expanded its political risk and credit division to Japan, as it continues to build its presence and capabilities in a risk area where it is currently one of the most experienced global insurance providers.

Japan was the world’s fourth largest exporting country in 2014. With Japanese businesses relying heavily on overseas trade and growth, their needs for comprehensive political risk and credit insurance cover are increasing rapidly. 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.

To lead the new segment in Japan, ACE has appointed Hiroya Takagi to the new role of Political Risk & Credit Manager. Hiroya has wide experience across a variety of sectors. He joins ACE from Euler Hermes in Japan where he held the position of Head of Commercial Insurance. Previous to that he worked in international development projects for the World Bank, the Japan International Cooperation Agency and the Japan Bank for International Cooperation. Hiroya’s appointment is effective immediately and he will be based in Tokyo.

Julian Edwards, Head of Political Risk & Credit for ACE Global Markets, said:

“ACE is a global market leader in political risk and credit insurance solutions. 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.”


About ACE:

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 the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.




ACE Group
Nicholas Mandalas
Regional Communications Manager, Europe, Eurasia & Africa
T: +44 20 7173 7793