HONG KONG (Standard&Poor's) June 5, 2007-Standard&Poor's Ratings Services said today it 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. "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 insurance market," said Standard&Poor's credit analyst Connie Wong. "These strengths are somewhat offset by Singapore's competitive
