On June 5, 2007, Standard&Poor's Ratings Services assigned its 'A' long-term insurer financial strength and counterparty credit ratings on Singapore-based ACE Insurance Ltd. (ACE Singapore). The outlook is stable. The ratings on ACE Singapore reflect its strategic importance to the ACE group (core operating companies rated A+/Stable/--) as part of the global franchise and its strategy in Asia. Through its Singapore regional management office, ACE Singapore and other Asia-Pacific subsidiaries share support systems on technical underwriting, actuarial, risk management, reinsurance, and investment. The ratings also reflect the company's good stand-alone credit profile characterized by a strong capitalization, satisfactory operating performance, conservative investment profile, and its niche position in accident and health and special risks products in Singapore's non-life
