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Ace latest firm to reduce IRB dependence
08 February 2010
Ace Resseguradora, an indirect wholly-owned subsidiary of Ace, has received approval for a local reinsurance license from the Brazilian insurance and reinsurance regulatory agency.
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[Ace Resseguradora]
Ace Resseguradora, an indirect wholly-owned subsidiary of Ace, has received approval for a local reinsurance license from the Brazilian insurance and reinsurance regulatory agency.
This announcement is the latest example of a large global property/casualty insurer increasing its commitment to the Brazilian market and points to the market’s growing attractiveness in the wake of opening up the market to foreign business, and its potential growth opportunities said rating agency Moody’s.
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