Chubb Group Appoints Vice President Mo Jaekyung as New President of Ace Insurance
Mo Jae-kyung, Vice President, has been appointed as the new President of Ace Insurance.
Chubb Group announced on the 17th that Vice President Mo has been appointed as the new President.
Accordingly, President Mo is scheduled to officially start his duties from the 1st of next month. The current President Edward Cobb will move to the position of President for the Far East Asia region and Japan.
President Mo majored in Business Administration (B.S.) at the University of Southern California (USC). He joined Ace Insurance in 2014 and served as Vice President overseeing the Corporate Insurance Division, Claims Adjustment Division, and Agency Channel Business Division. Before joining Ace Insurance, he was Executive Director in charge of the Corporate Insurance Division at AIG Insurance for 10 years. He also held the position of Manager in the Global Banking Division at Deutsche Bank Korea.
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Paul McNamy, President of Chubb Group’s Asia Pacific Business, said, "President Mo is a financial expert well-versed in the insurance industry who has significantly contributed to the company’s growth by achieving business growth based on sustainability and profitability," adding, "Chubb Group is committed to discovering, nurturing, and promoting talent within local organizations based on extensive global capabilities."
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