Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ACE Insurance commits to South Island

2 February 2005

ACE Insurance commits to meeting the escalating needs of the South Island business community with new Christchurch office

ACE Insurance, a leader in the global insurance and reinsurance industry, has today announced that it will be opening an office in Christchurch on 22 February 2005 to better meet the needs of the South Island business community.

Cantabrian Simon Foley, a senior underwriter with ACE, will lead the South Island team. Simon has worked in the insurance industry for over 20 years and has a level of underwriting authority, integrity and competency which is second to none. To date he has been responsible for ACE’s Central and Southern commercial business (which covers the South Island) and is looking forward to moving back home and helping lift the standard of service in the insurance industry in the South Island.

“Brokers tell us they want a quick decision on their underwriting and risk submissions. They want their insurance provider to give them a price, and get their cover in place as quickly as possible.” says Simon.

“What we are doing is taking the core competencies we have in Wellington and Auckland in order to deliver a great service to our brokers in the South Island. I will be in a position to make decisions on the ground and get cover in place quickly and will be meeting with brokers throughout the South Island on a frequent basis to ensure we continually meet their needs.”

ACE has operations in over 50 countries globally and has the ability to transact business in over 90 jurisdictions. It is listed on the New York Stock Exchange (symbol ACE). ACE has been operating in New Zealand for five years although its roots here date back to the 1920’s. ACE offers broker-based corporate and commercial, property and casualty business, group personal accident and corporate travel products tailored to clients’ needs. New Zealand clients range from small businesses through to corporates and multinational concerns.

Scott Pickering, Managing Director of ACE Insurance New Zealand says that the opening of the Christchurch office underscores ACE’s ongoing commitment to meeting the needs of the South Island broker and business communities.

“The New Zealand business climate dictates that this is absolutely the right time to commit to the South Island. With Simon’s local expertise I have every confidence that he and his team will successfully establish a strong South Island presence while designing, and putting in place, insurance products which meet the needs of our client base.”

Additional information can be found at or at


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news