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ACE Ltd Acquires General Insurer Rio Guayas In Ecuador


Wednesday, 28 Dec 2011 04:45pm EST 

ACE Limited announced that it has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately USD55 million in cash. The acquisition will be accretive to ACE’s earnings and book value per share. 

Company Quote

90.16
0.65 +0.73%
18 Jun 2013