ACE Jerneh Insurance Berhad [ACE Jerneh] in Malaysia is a member of the ACE Group of Companies®, a global leader in insurance and reinsurance, serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and a strong presence in Asia Pacific. ACE's core operating insurance companies are rated AA- for financial strength by Standard & Poor's and A+ by A.M. Best. This rating is indicative of ACE's strong capital base and financial stability; key attributes in the business of risk.
ACE Jerneh is the result of the ACE Group's purchase of Jerneh Insurance Berhad [Jerneh], a respected general insurance company in Malaysia. The Jerneh acquisition in 2010 provided ACE with an enhanced geographic presence of 22 branches and an agency force of more than 1,000. Jerneh's operations are highly complementary to ACE's existing local business where ACE is a market leader in the segments of Property, Casualty, Financial Lines and Accident & Health insurance.
By providing a comprehensive range of general insurance solutions through a multi-channel distribution model, ACE Jerneh caters to a wide range of customers including corporates, the commercial middle market and individuals. With a strong underwriting culture as the foundation for ACE Jerneh, the company offers responsive service and market leadership built on financial strength.