The Bermuda-based ACE Group of Companies announced today that ithas signed a definitive agreement to acquire the high-net-worthpersonal lines business of the Atlantic Companies.

No financial terms were disclosed for the transaction, which ACEsaid is expected to close in 30 days.

The acquisition of the New York-based firm, ACE said, includessubstantially all of the assets of the personal lines business ofthe Atlantic Companies, including systems, distributionarrangements and renewal rights.

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