ACE Limited said yesterday that it has completed thecontroversial sale of three runoff reinsurance subsidiaries withasbestos liabilities to Randall & Quilter Investment HoldingsLimited, an international insurance management firm.

Rival insurers had asked a regulator to block the sale of ACEAmerican Reinsurance Company, Brandywine Reinsurance Co. (UK) Ltd.and Brandywine Reinsurance Company S.A.-N.V. to Randall &Quilter.

The deal was first announced in January 2005, the Bermuda-basedcarrier said.

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