ACE Buys Share Of Chinese Insurer
NU Online News Service, May 28, 10:58 a.m.EST?ACE Limited of Hamilton, Bermuda announced today thatthe ACE Group had purchased a 22 percent stock interest in HuataiInsurance Company of China for approximately $150 million.
The company said the transaction was part of a strategicbusiness partnership with Huatai that would target China's rapidlygrowing property-casualty market.
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