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Ace Life confident of first profit next year.
Byline: Charoen Kittikanya
Nov. 8--Ace Life Assurance, a subsidiary of the US-based Ace Group, aims to become profitable next year, its sixth year of operations in Thailand.
"The company's growth is tremendous over the last four years, with average growth of over 80 percent a year," said Brett Klingler, chief executive officer of Ace Life Assurance, formerly Wall Street Life Assurance before being taken over by Ace Group in 2001.
"By the affinity distribution channel (sales through financial institutions, direct marketing and telemarketing), we are now already profitable."
With assets of more than $50 billion and gross written premiums ...
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