NU Online News Service, Oct. 7, 2:20 p.m. EDT

The ACE Group of insurance and reinsurance companies said it has signed a definitive agreement to acquire 100 percent of Jerneh Insurance Berhad, a general insurance company in Malaysia, for approximately $200 million.

Established in 1970, Jerneh provides insurance products including fire, marine, aviation, motor, engineering, household and accident and health. Jerneh is a recognized name in Malaysia, ACE said.

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