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Article: Market moves.
- Article from:
- Business Insurance
- Article date:
- August 6, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ACE expanding to Peru, Bahrain
LIMA, Peru-ACE Ltd., with approval from Peru's superintendent of banks and insurance, has begun operations in Lima, Peru, under the badge of ACE Seguros S.A.
ACE Seguros, which consists primarily of the assets of Altas Cumbres Life Insurance Co., which ACE acquired in December, specializes in accident, group, credit life and commercial property/casualty insurance.
ACE Ltd. Chairman and Chief Executive Officer Evan Greenberg described Peru's insurance market as "dynamic and rapidly developing'' and said ACE looks forward to expanding ACE Seguros "to include a broad array of life, accident and health insurance ...