New Bermuda Insurer Launched

NU Online News Service, June 4, 4:00 p.m. EST?-ACE Bermuda Insurance Ltd., a subsidiary of ACE Ltd., announced today they will join forces with another Bermuda company, Freisenbruch-Meyer Group, to create a new local insurance company--Freisenbruch-Meyer Insurance Ltd.

Hamilton-based ACE Bermuda is taking a 40 percent equity holding in the new venture, which will write insurance coverage for the domestic Bermuda market.

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