October 26th, 2010 
admin ZURICH–(BUSINESS WIRE)–ACE Limited (NYSE:ACE) announced today that it has signed a definitive agreement to acquire New York Life’s Hong Kong and Korea life insurance operations for approximately $425 million in cash. The transaction will expand ACE’s life insurance business into two North Asia markets where the company currently has property and casualty (P&C) insurance operations and represents approximately $330 million in incremental life insurance revenues, $2.15 billion in assets and
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