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The ACE Group of Companies is one of the world's largest providers of property and casualty insurance, reinsurance, and financial services. Established in 1985 by a consortium of leading companies to provide hard to find excess liability coverage, the ACE Group has grown rapidly by building long-term partnerships with its brokers and clients in each of the world's major insurance markets. ACE purchased CIGNA property and casualty in July 1999, and recently, ACE has assets in excess of US$ 50 billion and an S&P ratings of A+. Today, the ACE Group of Companies has a local presence in more than 50 countries, insuring a broad range of local and multinational corporations. PT. ACE INA Insurance is a relatively new formation of ACE's subsidiary operations in Indonesia. Along with other ACE offices in the Asia Pacific region, PT. ACE INA Insurance has been growing rapidly since its inception in 1999 and is expanding with offerings of various products and services. ACE is also one of the most innovative providers of insurance products and services in today's global marketplace. To build a profitable and sound business, ACE's management has focused on providing specialty insurance throughout the business world. To achieve this, ACE relies on its professional staff who possess a breadth and depth of expertise unparalleled in the industry. The result of this approach has been the creation of a company whose management has consistently achieved a combined ratio below 100% and a confirmation or improvement in credit ratings since its inception, and throughout ACE's rapid growth and development. ACE's product focus is via market segments and customer groups and the company prides itself on being able to build flexible solutions to assist clients in meeting their needs.
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