ACE Group Unveils New Swiss Company

Following the redomestication of ACE Limited’s holding company to Zurich in July 2008, the ACE Group has now taken the additional step of founding a new Swiss insurance company.

The new company – ACE Insurance (Switzerland) Limited, a subsidiary of ACE Limited - will manage the insurance and reinsurance business of the Zurich branch with the goal of further strengthening ACE’s position in the Swiss market

ACE has been active as a local insurer in Switzerland since the opening of the Zurich branch of ACE European Group Limited, London, in 2003. In addition, ACE’s reinsurance activities in continental Europe were moved to Zurich in 2005. This business will also now be written through ACE Insurance (Switzerland) Limited.