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ACE Completes Acquisition of Jerneh Insurance Berhad in Malaysia


December 2, 2010 - Singapore

The ACE Group announced that it has completed its acquisition of 100% of Jerneh Insurance Berhad, a general insurance company in Malaysia, for approximately US$200 million in cash.

ABOUT ACE

Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acegroup.com

CONTACTS : ACE Group Michele Anne Minjoot, 65-6398 8708 michele.minjoot@acegroup.com

Source: Business Wire India

BusinessWireIndia

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