SINGAPORE--(BUSINESS WIRE)--The ACE Group announced today 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.
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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
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ACE Group
Michele Anne Minjoot, 65-6398 8708
michele.minjoot@acegroup.com