Ace Europe gets FSA approval to set up new company
Ace Europe has gained Financial Services Authority approval for the establishment of a new London based life insurance company, Ace Europe Life. Conducting business under the brand name Ace Life, it will operate in conjunction with the existing network of Ace European group, and will be rolled-out across 10 European countries during 2007 and into 2008.
The new Life Company will initially focus on the protection market, offering term life products to complement Ace European Group’s Accident & Health direct marketing proposition.
Ace said the new
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