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The move is ACE Group's latest expansion of its product line to reach new potential customers. (AP Photo)

Months after it was first announced, ACE Group on Wednesday confirmed that it has completed its acquisition of Fireman’s Fund’s high-net worth personal lines business.

PC360 first reported on the planned deal in December, noting that the sale was in line with Allianz’s plans ongoing plan to reposition its U.S. property and casualty insurance business by integrating the Fireman’s Fund Insurance Company (FFIC) commercial business into Allianz Global Corporate & Specialty (AGCS), the global industrial insurer of Allianz Group.

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