NU Online News Service, Dec. 20, 3:56 p.m. EST

The ACE Group of insurance and reinsurance companies said it has been granted a license from the Dubai Financial Services Authority (DFSA) to establish a wholly owned subsidiary in the Dubai International Financial Centre (DIFC).

ACE said it was granted a DFSA Category IV license enabling it to offer reinsurance products to the market, including a full range of property and casualty and accident and health coverages.

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