On Wednesday, ACE Group (NYSE:ACE) announced the purchase of Ecuador-based general insurance company, Guayas Compania de Seguros y Reaseguros. The acquisition will cost ACE $55 million. ACE has had a high appetite for mergers and acquisition since the past couple of years. In 2010, the company acquired the majority of ProClaim America shares, to form a new business unit named ESIS ProClaim. The company also acquired Rain and Hail Insurance Service Inc. In early 2011, ACE Group acquired New York … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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Wednesday, September 21, 2011
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