HCM CITY (Biz Hub) — ACE Life Vietnam has changed its name to Chubb Life Vietnam Insurance Company Ltd (Chubb Life) with effect from yesterday following its parent's acquisition of Chubb Corporation last January.

The company said the new name would not affect the company's business and all rights and obligations with respect to existing clients and partners would remain unchanged.

"Our name is new but our commitment remains the same – to provide our customers, business partners, employees and other stakeholders with superior quality and service that both ACE and Chubb have developed over many years," Lam Hai Tuan, chairman and country president of Chubb Life in Viet Nam, said.

"The new Chubb is defined by underwriting, service and execution. Together, these three elements form the basis for what we believe is superior insurance craftsmanship.

Chubb was a US-based insurer with over 130 years of history and ACE is a global leader in insurance.— VNS