The ACE Group of Companies announced that the ACE Foundation - International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that struck China's Sichuan Province.
ACE conducts property and casualty insurance, life insurance and asset management operations in China through its strategic investment in the Huatai group of insurance companies.
The company is the second big insurer to announce a donation for China earthquake relief. Last week Warren, N.J.-based Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the China earthquake and Myanmar cyclone.
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