Accident Health Reinsurance

Ace Buys Peruvian Life Insurance Firm

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The Ace Sustain of Cos. said Thursday that it has bought Altas Cumbres Must Insurance Co., which had been a completely owned Peruvian subsidiary of Grupo Altas Cumbres of Chile.

Altas Cumbres has further than 700,000 customers, specializing in accident, radical and mention lifetime insurance broadcast direct captive agencies, brokers and finished the further than 100 branches of Banco del Trabajo. It is same of Peru's largest banks and is owned by Grupo Altas Cumbres.

"As we thrive our business opportunities in Peru, we are competent to mate with ace of the strongest banking franchises in the area," said Ed Clancy, chair and COO of Ace's foreign operations. "We too await fresh to expanding the Altas Cumbres production wrinkle to admit a large range of spirit , accident and health insurance, as easily as introducing extra distribution channels."

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