AM Best withdraws Ace Insurance rating
AM Best has withdrawn the financial strength rating of A (Excellent) of ACE Insurance (Belgium) and has assigned an NR-3 (Rating Procedure Inapplicable) following the scheduled transfer of all assets and liabilities from ACE Insurance to ACE European Group Limited (United Kingdom).
The transfer is in line with the company’s announced plans and AM Best’s expectations.In 2005, all business previously written by ACE will be written by ACE European Group, which currently has a
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